Here’s one for the gold bulls – Citi reckons gold is headed to $US2700-$US3000/oz ($A4020-$A4468) next year.
That’s some 14-27% higher than the current spot price and at either level, the previous records set in the US and Aussie gold price in May and April respectively would be smashed.
Needless to say such an outcome would crank up the already increased M & A activity in the ASX gold space like no tomorrow, with advanced exploration/development projects to become easy pickings for growth-focussed producers.
Next big target $4000 an ounce, I must assume, page-60
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