Developing Bellechasse-­Timmins Gold Deposit

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Message: Re: Softening in the gold sector (Wall Street Journal Reports differ)
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Jul 23, 2010 10:37AM

Not necessarily a softening - some forecasting is still raising averages. Wall Street Journal just reported this today

Gold Prices Inch Higher

"UBS increased its forecast for gold prices Friday, citing continued sovereign debt concerns and an uncertain outlook for global central bank monetary policy. The Swiss banking giant raised its average gold price for 2010 by 6.7%, to $1,205 an ounce, and $1,295 an ounce the following year. "

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