Tuesday, June 14, 2011

Gold Should Break $1,600, Silver Near $50 by Year End –GFMS’ Newman

Gold should trade to just over $1,600 an ounce by the end of 2011 and silver should be flirting with $50 an ounce as governments will need to maintain a loose monetary policy despite the phasing out of stimulus packages in the U.S., according to the director of a major research firm. 

Philip Newman, research director of GFMS, said in an interview on the sidelines of the International Precious Metals Institute’s Precious Metals Conference here there may be too much focus in the markets on the second quantitative easing versus a possible third program.

“I think irrespective if there is no QE3 that comes into the market, the U.S. governments and all other governments frankly, in a sense, still have to maintain fairly loose monetary policy given how slow or how stubborn the rise in GDP growth has been and continues to be,” Newman said. 
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  1. Yeah; and I SHOULD break 100 grand a year too!

    The sad thing? These yumyums really do make
    100 grand a year for predictions that rarely come true ( but they always have a damn good reason why it didn't and why this next one will)

    Too fucking funny these bozos are !

  2. 539 you moron, Silver reached 49 a couple of weeks ago, you are an idiot and the bankers went crazy and manipulated it down again, Silver in 2012 over 150 an ounce, Gold will be 3000 in 2012, Bank on it Moron!

  3. 5:39 is a good example of the product produced by today's public schools.


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