Reuters reports Goldcorp’s chief executive says gold prices could nearly double to $1,500 an ounce over the next 2 years. “We’re going to see gold over $1000, I like to say $1500 gold over the next 18-24 month period,” Kevin McArthur, CEO of the Canadian gold senior, said at the Denver Gold Forum. Spot gold <XAU=> was at $763 [...]
By Dave Brown – Exclusive to Gold Investing News Traditionally, gold has represented a non-correlated asset class but more recently, an increased linkage has been observed by many analysts. Bloomberg quotes John Reade, Metals Strategist at UBS, “In the short term, gold’s direction will be determined by the moves in crude oil.” This will necessitate [...]
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