Banking on a Precious Metals Surge

Posted by on March 23rd 2012 in CFTC, China, Federal Reserve, General Economy, Gold, Monetary Policy, Short Sellers, Silver, U.S. Congress, Wall Street | Be the first to comment!

“Gold prices are at their lowest since January but Barclays Capital expects the metal to rally around 15 percent to a lofty $1,850 an ounce by the second quarter due to inflation worries,” reports Reuters. And the investment bank also “said it expected precious metals to be one of the commodity price leaders in the second quarter, citing the ‘resumption of the kind of currency debasement/inflation concerns that have been the big driver of gold and silver prices over the past 12 months.'”

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