Gold to reach $1800 - probably in Q1 2011 - James Turk
Analysis and comment on the latest Mineweb interview with James Turk who feels that $1800 gold is still just around the corner.
Author: Lawrence Williams
Posted: Thursday , 16 Dec 2010
LONDON -
Speaking on a Mineweb podcast this week, precious metals guru and Gold Money founder James Turk, reiterated his forecast of a US$1800 gold price in the near future. True it hasn't come about by the end of this year, but he feels it is only a matter of time and is confident that it will happen sooner rather than later. Now he reckons it should do so during the first quarter of next year as he notes that this is normally a strong period for gold and that there are a lot of fundamentals working in gold's favour at the moment which will drive it there. He still also feels that it is possible that gold could still hit $1500 by the end of this year in the short trading time available before the year-end.
MineWeb
