Haywood Confident on Gold, Bullish on Silver, Nickel, Uranium and Lead
Source: Mineweb.com (7/23/07)
In their recently released "Mid-Year Update," Canada's Haywood Securities Metals and Mining Team declared, "We remain confident in the outlook for gold with a near-term rebound in the in the price of both gold and gold equities.
Meanwhile, Haywood analysts also remain bullish on silver, nickel, uranium and lead.
Haywood analysts Andrew Kaip, Eric Zaunscherb, Nicholas Coutoulakis and Deanna McDonald asserted that "support for gold as an investment continues to gain momentum, with an increasing number of announcements of purchases by non-Western governments. While ETF holdings declined marginally, holdings remain above the 20 million-ounce level, with an H2/07 rebound set to test the 21-million ounce barrier."
"We expect world output to decline marginally from the forecasted 2,500 tonnes of mine production in 2006. With the long-term prospects for gold intact, we forecast gold to sustain US$700 per ounce through 2008, before moderating to US$650 per ounce in 2009 and US$600 per ounce long-term," they predicted...
Analysts Jim Mustard and Chris Thompson said, "Our future outlook for uranium continues to be bullish, as commitments by government around the world to consider, and in many cases commit to, additional generated capacity increase. This unprecedented global interest will clearly entrench demand growth for the next decade as preliminary production struggles to catch up...