Jeffrey Christian Says $3500 is Coming
"Prices are up partly because of political uncertainty following the U.S. bombing of Iran. We expect gold and silver prices to remain strong and to rise further as long as the political and economic problems continue and we don't see them ending anytime soon. Our expectation is that the price of gold could hit $3,500/oz within the next couple months,"
-Jeffrey Christian, managing partner of CPM Group.
The analyst who was not particularly bullish Gold or Silver (the same one who said the SGE premium was a VAT cost) for 3 years following the Russian Asset freeze now is bullish Gold.
This confirms for us Bullion banks are comfortably back playing short again