Haywood Picks Top Gold/Base Metal Juniors For 2007, Sees Gold Testing $850

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According to Mineweb.com, Haywood Securities analysts Kaip and Nicholas Coutoulakis said they expect silver to track gold through the first half of this year and begin moderating as increased mine production comes on stream during the second half of 2007.

Haywood Securities picked junior gold miners Eldorado Gold, Rio Narcea, Chariot Resources, Nevsun Resources, Andina Minerals, GBS Gold and base metals juniors North American Tungsten and uranium explorer Western Prospector as top performers this year.

Metals analysts Kerry Smith, Jim Mustard, Andrew Kaip, and Stefan Ioannou have also forecast that gold will test the all-time high of $850/oz this year, with an average gold price of $700/oz this year. “Over the long term, we forecast gold prices to moderate in 2008 to $650 per ounce, declining to $600 in the long term,” they added.

...Analysts Kaip and Nicholas Coutoulakis said they expect silver to track gold through the first half of this year and begin moderating as increased mine production comes on stream during the second half of 2007. They forecast 2007 silver prices to increase 14% to $13.25 per ounce, then to average $12.50 in 2008, and, finally, to decline further to $9.50/oz in 2009.

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