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Article: Mining Sector Report: Gold - Still Aping the 1970s.
- Article from:
- PR Newswire
- Article date:
- October 14, 2009
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LONDON, October 14 /PRNewswire/ -- Synopsis: In our April 2009 report, Gold - a return to the 1970s, we posited a theory that if gold repeats the same performance in the current cycle as it did during the 1970s re-inflation, it would hit US$1,567/oz 'in the near term'. In this follow-up report we argue that, with the world still facing deflationary forces in the near term, gold's peak is likely to be delayed to 2013, but that its peak will be correspondingly higher at US$1,879/oz.
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http://www.edisoninvestmentresearch.co.uk/sectorreports/Gold121009 sectorreport.pdf
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