JPMorgan - The golden ounce might overcome 1.400 dollars
20-10-2010 golden marketThe manager, Ian Henderson, of a global financial fund, Native Resources for 7.500 million dollars, for JP Morgan said:
“The price for an ounce gold might overcome 1.400 dollars in next months due to the investors' worry, buys of the central bank and more measurements of quantitative mitigation in the United States.”
“There will be able to be a correction, but it is resisted before the absence of provisions in mining by the buys of the central bank, by what I do not believe that 1.400 dollars there is a level very difficult to overcome in the next 6 months or one year, it does not sound so dramatically.”
“I know that the people speak about 2.000 dollars the ounce and I am prepared to say that I do not see any reason of why the gold it cannot reach 1.450 dollars.”
Henderson is provided with approximately 30 % of exhibition to the gold across the mining companies, but that also he invests in silver and in the group of metals of the platinum.
19-10-2010
