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Benton has multiple joint ventures and a diversified property portfolio in Gold, Nickel, Copper, and Platinum group elements. The Company currently has approximately $13.2 million in cash, owns approximately 57.9 million shares of Coro Mining Corp... And

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AGORACOM-JEFFC

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Gold to track oil, hit $1,500/oz in 2011 -BoA

posted on Oct 06, 2009 12:10PM

Dear shareholders,

In an effort to keep you up to date on the resource sector and more specifically gold bullion, please see the article titled “Gold to track oil, hit $1,500/oz in 2011 –BoA.”

Gold prices will hit $1,500 an ounce in 2011 when oil prices move back above $100 a barrel as emerging market growth creates shortages, Bank of America Merrill Lynch said on Monday.

Gold to track oil, hit $1,500/oz in 2011 -BoA

LONDON, Oct 5 (Reuters) - Gold prices will hit $1,500 an ounce in 2011 when oil prices move back above $100 a barrel as emerging market growth creates shortages, Bank of America Merrill Lynch said on Monday.

"For the world economy to resume growth of 5 percent, commodity supplies must expand by a similar rate, " said Francisco Blanch, head of global commodity research at the U.S. bank.