Gold could be on the verge of a history-making breakout. Head of Commodity Strategy at Saxo Bank – Ole Hansen – sees Gold potentially pushing past US$3,000/oz before the end of the year.
A credit crunch could be brewing in the US, there are around US$9 trillion of uninsured deposits - and almost half of 4,800 US banks have burned through their capital buffer and are running on negative equity.
Meanwhile, M&A activity is starting to become more prevalent in the market, as larger miners and developers seek to consolidate potentially undervalued projects.
