S&P: Gold Will be True to Form: Extremely Volatile and Unpredictable
Source: Mineweb.com (7/19/07)
In Standard & Poor's recently released Industry Report Card on European metals and mining, S&P declared that it remains positive about gold prices and industry fundamentals in the medium-to-long term.
S&P Primary Credit Analyst Alex Herbert and Secondary Credit Analysts Trevor Pritchard Analysts Elena Anankina forecast that "production is declining as output from mature mines decreases, and few new projects exist that could reverse this expected production decline. When factoring in fund investment, however, gold will be true to its form by remaining extremely volatile and unpredictable."