the worm has turned, page-35

French bank Societe Generale: the price of gold will climb to $ 10,000 / oz.

www.eastmoney.com 2013 04 26, 2012 08:02

France Industrial Bank ( market share point of sale ) (Societe Generale) Albert Edwards said on Thursday (April 25), gold prices are expected to rebound to 10,000 U.S. dollars / ounce, while the stock market will be lower, and bond yields will fall by 1 percentage point .

Edwards said the stimulus measures of the central bank ( market area ) will procure the global economy into recession, and lead to hyperinflation, people will lose confidence in Japan as policy makers.


Edwards recommends investors buy gold hedging, and that retracement of the price of gold is still bullish and its ultimate point of view is consistent.

Edwards said: "The price of gold in the 1974-1976 retracement of 47%, then in 1980 the price of gold rose 8 times to 887 U.S. dollars / ounce. Before the sharp rise in the gold market suffered a sharp correction is normal, because gold is against one of the assets of the central bank easing, taking into account the value of the gold track, I am even more certain that gold still has the property. "

Edwards said that our bold prediction S & P consolidated ( market area ) index fell 450 points at the bottom of the U.S. 10-year bond yields will fall by 1%, while the price of gold will climb to $ 10,000 / ounce.