Canadian Miners See Higher Prices
Source: Mining Weekly, Liezel Hill (7/28/11)
"Bullish miners predict $1,700/oz. gold by year-end."
The gold price, which topped $1 1600/oz. for the first time this month and set another new record on Wednesday, will continue to rise as investors seek out the metal as a haven from risk and central banks increase their buying, top Canadian bullion producers said on Thursday.
"I'm very bullish, I wouldn't be surprised if we got to $1 700/oz. by the end of the year," Goldcorp CEO Chuck Jeannes said in an interview. . .View full article