$5000 Gold Bullion Prediction - at Denver Gold Forum

In an upbeat presentation at the Denver Gold Forum, Rob McEwen forecast that gold is going to $5,000, while setting out the path forward for the company which now bears his name: McEwen Mining. "Now is the time to commit" says McEwen. "Gold is going higher -- to $5,000."

McEwen does have a pretty good track record in this respect. One remembers that when gold was sitting at around $700 only a few short years ago, he was adamant that it would soon hit $1,000 when to non-gold believers this seemed unlikely, yet only a few short months later the gold price did indeed rise above that level. (MineWeb)

Several other mining executives followed suit to comment on the Denver forum as well as the direction of gold and their industry: 

AngloGold Ashanti: "I think we will hit $5,000," CEO Mark Cutifani told CNBC on Sept. 11. "It's just a matter of when. In the shorter term, I think certainly $2,000 is very likely, given political uncertainty and what's happening across both the U.S. or North America and Europe. So I'm more likely talking about $2,000 in the short term."

Goldcorp: CEO Chuck Jeannes told CNBC on Tuesday that he is "very positive on long-term trends."

Newmont Mining: The world's No. 2 gold producer said Tuesday the price of gold could top $2,000 per ounce, which would benefit Newmont shareholders whose dividends are linked to the price of the precious metal. 

"Up is good," Chief Executive Richard O'Brien told participants at the Denver Gold Forum, as the gold price rose toward six-month highs above $1,700 per ounce. ...

"And at $2,000, which is not unreasonable, the dividend would be $2.70 per share, which is a 5.4 percent yield," he said. 

More information can be found online at http://www.goldbullionadvisors.com