Precious Metals

Gold Prices.biz reports that Silver is expected to be at $50 and Gold possibly $2,150 by Spring.

Gold Prices.biz reports that Silver is expected to be at $50 and Gold possibly $2,150 by Spring.

The editorial is quoted as saying:

One of China’s major banks has offered their customers a facility whereby they can save a portion of their savings in gold, they then had to open one million accounts which required 10 tones of gold to satisfy the demand. He then ponders the outcome if this idea were to spread throughout China and further afield, say to India. What is the effect if we get an extension to QE2 or even a QE3? The current meeting at Davos were the possibility of a 100 trillion dollar fund is being considered. The UK, where economic confidence remains rather weak.

Click here to access the entire Editorial

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COMMODITIES

Commodities
Gold1773.05-5.33
Silver19.99-0.25
Copper3.63+0.01
Palladium2121.45-15.12
Platinum932.41+2.41
Oil89.40-0.01
Heating Oil3.46+0.04
Natural Gas9.29+0.56

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