GREY:HRIVF - Post by User
Post by
GordonGekko12on Sep 10, 2008 12:41pm
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Post# 15445066
$1500 Gold??
$1500 Gold??Gold could hit $1,500 in 2 years: Goldcorp CEO
10/09/08
TORONTO (Reuters) - Goldcorp's chief executive said on Wednesday gold prices should soon rebound, and could nearly double to $1,500 an ounce over the next two 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 was at $763 on Wednesday.
McArthur also said Goldcorp's costs per ounce should trend downward over the next four years as the company opens new lower-cost mines.