GREY:AQARF - Post by User
Post by
uranium777on Jan 09, 2014 3:42pm
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Post# 22075351
The truth: Zinc and Gold at this deposit.
The truth: Zinc and Gold at this deposit. Hey Clowns, a couple points. #1 - this zinc isn't real good quality. Per Michigan DEQ its not very rich. Regardless, its needs to be smelted. There are No smelters around - so needs to be shipped where they let pollution kill everything: Second: This was just posted:
Analysts say gold could get even uglier
The metal isn't so precious anymore, with Bank of America Merrill Lynch slashing its forecast by 11%.
By Barbara Kollmeyer,
MarketWatch
In one of the first, if not the first, calls on gold this year, Bank of America Merrill Lynch slashed its average 2014 forecast for the shiny stuff by 11% to $1,150 an ounce on Thursday, with a warning it could get even uglier.
Gold plunged 28% in 2013 to just above $1,200, snapping a 12-year annual winning streak and recording its worst annual performance in nearly three decades.
Silver, which also didn’t escape the chop from Bank of America Merrill Lynch, suffered a 36% loss in 2013, its worst since at least the early 1980s. The investment bank cut its forecast for silver by 21% to $18.38 an ounce.
A more likely scenario is for investors to continue reducing their exposure. Our model suggest that this could take prices down to $1,000/oz."
He adds that not even traditional buying of physical gold in India and China will be enough to keep prices from falling.
Robert Bonomo, who predicted gold will break below $960 an ounce, blaming the likes of MarketWatch
Widmer says prices for gold could bottom out later this year. He reasons that a continued acceleration in the U.S. economy, tightening labor market and slowly rising inflation could trigger gold market players to increasingly adjust low inflation expectations, pricing in some unexpected inflation and luring back buyers.