Prediction for 2011 see articleThis is not Nostradamus prediction but really junior miners predicting 2011. If 60% of what they say materialize than with Gold and uranium FIU is positionned to do great.
Majority of gold producers poised for growth in production levels: PwC report
TORONTO , Dec. 17 /CNW/ - Despite the current strength in the price of gold, mining companies in Canada and globally are predicting high gold prices to continue throughout 2011, according to PwC's 2010 Global Gold Price Survey Report released today.
Report's key findings:
-- A majority of 82 percent of gold producers expect their forecasted production levels to increase. -- Nearly 75 percent of gold mining companies expect the price of gold to continue to rise until Q4 2011. However, the current price of gold is still far below the high of 1980 in real terms. -- Gold companies predict the price of gold will peak between US$1,400 and US$3,000, with 40 percent believing the price will peak around US$1,500 when the survey was conducted in November 2010.
GLTA