Gold Prices 2012

John Paulson: Gold Could Hit $4,000

Hedge fund manager and billionaire John Paulson said he sees gold prices moving in a range of $2,400 to $4,000 an ounce, citing double-digit inflation emerging by 2012. Paulson, speaking at New York’s University Club recently, said 80 percent of his assets are held in gold. He added that the coming inflation will result in gold prices being pushed up even more. Paulson also said the inevitable

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UBS (NYSE:UBS), CIBC World Markets, TD Securities Increase Gold Estimates

Last week, investment banks UBS (NYSE:UBS), CIBC World Markets and TD Securities all increased their outlook on gold prices, will all of them looking for around $1,300 an ounce or more going forward. UBS was the last of the three during the week to upwardly revise their numbers, increasing their outlook from $1,129 an ounce to $1,205 an ounce for 2010, and up to $1,295 an ounce, from $1,250 an

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Goldcorp (NYSE:GG), Kinross (NYSE:KGC) Should be Outperformed by Barrick (NYSE:ABX), Newmont Mining (NYSE:NEM) says Deutsche Bank (NYSE:DB)

Deutsche Bank (NYSE:DB) analyst Jorge Beristain probably didn’t win any friends from Goldcorp (TSE:G) (NYSE:GG) and Kinross Gold (NYSE:KGC) today, as he upgraded major rival Barrick Gold (TSE:ABX) (NYSE:ABX), and reiterated their “Buy” rating on Newmont Mining. What he added I’m sure ruffled their feathers, as he said Barrick and Newmont should outperform Goldcorp and Kinross in the current

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