2010-11-22 CIBC gold price forecast $1,600 in 2011 and $1,700 in 2012

According to GoldAlert, the Canadian Imperial Bank of Commerce (CIBC) increased its gold price forecast:

2011: $1,600 (from $1,400)
2012: $1,700 (from $1,500)

Predictions for silver were also significantly adjusted upwards:

2011: $28 (from $20)
2012: $30 (from $21)

Reasons: QE has become a habit in many developed countries.

Full article: http://www.goldalert.com/2010/11/gold-silver-targets-raised-amid-financial-cocaine/


Published on 22 November 2010




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Comments
Tindle
Posts: 1
Comment
Gold & QE
Reply #1 on : Sun December 12, 2010, 00:10:32
QE and other factors are driving both Gold and Silver higher. Both will rise in price in the coming years. They will be the investments to be in. It is likely that Gold Silver the Precious metals will rival the Tech and Housing bubbles eventually.

http://hubpages.com/hub/Gold-and-Silver-Will-Go-Higher

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