Thursday, June 10, 2010

Profile Of Different Minds Converging

The Globe and Mail article that does so is basically a compendium of already-existing recommendations, but it's significant as another marker of gold gaining mainstream recognition. "Why pessimists and optimists are going for gold" contrasts the pessimistic theme embraced by Frank Giustra with an optimist's theme embraced by Carmel Daniele. Both expect gold price to go higher.

The author, Paul Sullivan, notes that "there is a commonly held view that in the next 12 months, gold could crack the $2,000 mark." That would mean more than a 64% gain from current prices.

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