Wednesday, May 5, 2010

Investec Sees Gold Above $1,200

It's be cold comfort now, but Investec's co-portfolio manager Daniel Sacks sees gold going above $1,200. The main reason he gives is the metal's performance over the latest leg of the Eurocrisis: its postive corrlation with the U.S. dollar as late.

The interview seems to have taken place yesterday, but it's still informative.

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