There are plenty of opinions from analysts but I would say that the overall consensus is that Gold and silver have a great chance of breaking to the upside.
For him to say that current demand for Gold comes from Chindia jewellery sales is a very simplistic view of how gold price is valued and manipulated. I would be wary of this guys opinion actually.
Go to the gold thread and there is plenty of pro's and con's on Gold, but it is all very informative.
Tonight on Your money your call some guy rang about Brockman who have over $100mill cash. The analyst said even if the iron ore play couldn't get off the ground they have enough money to start looking at other mining metals like gold.
This shows that companies like Conquest are in the right sector and do not need huge Capex like a iron ore junior to get going.
CQT Price at posting:
17.0¢ Sentiment: LT Buy Disclosure: Held
