Gold Price In 2014?Robert McEwen, Chief Executive Officer of U.S. Gold Corp.
Robert McEwen predicted in an interview with Stockhouse that pressureon the U.S. dollar and other world currencies will send the price ofgold considerably higher in the coming years. "Your readers go long ongold," he said. The former Chairman and Chief Executive of Goldcorp.,says the yellow metal could be trading by US$5,000 by 2014. It meansthere should be more big cap gold stocks trading on the S&P 500 tomeet the demands of investors.
I'm not in agreement with the $5,000 US. I'd be happy with $2,000 to $2,500.
Gold ETF's will certainly fuel the rise in Gold as the US & Euro currencies decline. Goldcorp's SP should make significant gains in the next few years because it has the most demand coming on board of all the major Gold mining companies.
Cheers,
Nighthawk