Monday, September 2, 2013

Citigroup See's $3500 Gold and $100 Silver

Respected Citigroup strategist Tom Fitzpatrick said in a telephone interview from New York with Bloomberg that gold and silver should surge in the coming years as the precious metals continue to benefit from the easy monetary policies adopted by central banks.

Fitzpatrick, who has a good track record, said that gold has put in a low for the year and will rise to about $1,500-$1,525/oz this year. A gain of over 6.3% from today’s prices.

He said that silver is in a strong up-trend and will likely outperform gold as the gold silver ratio will drop from its current level at 58.1.

- Source, Goldcore:

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