GREY:AVGCF - Post by User
Comment by
unclesam2on Jan 25, 2012 3:21pm
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Post# 19448304
RE: Fed not raising rate until 2014 at earliest
RE: Fed not raising rate until 2014 at earliest - Agree a 100% !!... The FOMC announcement today effectively put a floor of $1600/oz on Gold price till at least the end of 2014. Gold price today reflects that.
- With Gold over $1600/oz for the next 2 years and AVR ramping up production towards its goal of 200,000 by the end of this year, should value the price at around $3.00+ by the end of 2012.