I expect precious metals prices to rise significantly over the next decade. A large part of it as a result of QE and other money printing programs. The U.S. did announce QE3 recently. Having said that, it hasn't started running up the printing press. A good rise in precious metals is yet to come, says Charles Oliver, Sprott manager.
I definitely believe the election is impacting it. The election could delay the implementation of QE3 because the Federal Reserve doesn't want to do any tampering that would be seen as influencing the election. I believe that QE3 will take place after the election this fall or early next year -- and I expect to see significant programs embarked upon.
In terms of the gold price, I have forecast that it would hit $2,000 this year. There's still a very good chance of that, but it's more likely that it will go through $2,000 next year. Some of the trend lines on the chart indicate a $2,200 gold price sometime next year.
Gold may outperform other commodities as the bull run in raw materials pauses amid slowing economies, while grains and oilseeds may jump on weather disruptions, according to participants at the World Commodities Week conference.
Commodities will likely lack direction for the next 12 months, meaning investors will focus more on relative-value trades, according to Tiberius Asset Management AG. Deutsche Bank AG favors precious metals and is neutral on oil and industrial metals, Michael Lewis, head of commodities research at the bank, said today at the conference in London. Bullion isn't in a "bubble" at current prices, he said. ...
Gold won't become a bubble unless prices rise to a record above $2,200 an ounce, while oil and industrial metals are vulnerable to risks associated with the so-called fiscal cliff in the U.S., said Lewis of Frankfurt-based Deutsche Bank.
I definitely believe the election is impacting it. The election could delay the implementation of QE3 because the Federal Reserve doesn't want to do any tampering that would be seen as influencing the election. I believe that QE3 will take place after the election this fall or early next year -- and I expect to see significant programs embarked upon.
In terms of the gold price, I have forecast that it would hit $2,000 this year. There's still a very good chance of that, but it's more likely that it will go through $2,000 next year. Some of the trend lines on the chart indicate a $2,200 gold price sometime next year.
Gold may outperform other commodities as the bull run in raw materials pauses amid slowing economies, while grains and oilseeds may jump on weather disruptions, according to participants at the World Commodities Week conference.
Commodities will likely lack direction for the next 12 months, meaning investors will focus more on relative-value trades, according to Tiberius Asset Management AG. Deutsche Bank AG favors precious metals and is neutral on oil and industrial metals, Michael Lewis, head of commodities research at the bank, said today at the conference in London. Bullion isn't in a "bubble" at current prices, he said. ...
Gold won't become a bubble unless prices rise to a record above $2,200 an ounce, while oil and industrial metals are vulnerable to risks associated with the so-called fiscal cliff in the U.S., said Lewis of Frankfurt-based Deutsche Bank.
More information can be found online at http://www.goldbullionadvisors.com
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