Patriot Radio News Hour: Black Monday & Gold May Hit $2,500 in 2011! 1/3
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Uploaded by johnnyLiberty1776 on Aug 8, 2011
By Jonathan Ratner - FinancialPost.com
Gold could surge to US$2,500 per ounce or higher by the end of 2011, according to J.P. Morgan commodity analysts Colin Fenton and Jonah Waxman.
Before Standard & Poor's downgraded the United States' debt rating, they thought spot gold could average US$1,800 by year-end. Now that view looks too conservative, the analysts told clients.
They also see a lot of upside for raw sugar prices, possibly doubling or more in a spike as a result of weakness in the U.S. dollar and rising inflation.
They analyst recommend owning commodities geared toward Asia, investment and inflation, while being underweight those tied to the United States or consumption.
http://www.allamericangold.com/
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Right now (10 AM EST), Au>Pt.......(1770 vs 1750), that's INSANE.....that has probably never happened before!!!
UnderseaCaveman 6 months ago
Thanks for loading on youtube again, you guys really do a good job and keep people informed.
TheUrbanHomesteader 6 months ago