Commodity Trade Mantra

Posts Tagged ‘Precious Metals Analyst’

Why One Analyst Believes Gold Prices Could Hit $3,000 an Ounce

We are likely entering a new gold bull market since the previous one concluded in September 2011. Since 1970, we’ve seen five gold bull markets, each one lasting an average 63 months and returning an average 385%, according to the WGC. Dr. Diego Parrilla stated that “a perfect storm for gold is brewing” & predicts gold could rise to $3,000 within the next three years.

Gold and the Debt Ceiling: 2011 Redux?

We do not envisage the gold market to revisit the same euphoria seen during the debt ceiling crisis in mid-2011 – Nonetheless, US debt ceiling concerns would still be viewed as positive for bullion.

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