First Look: Bullion Bank (quietly) raises Gold and Silver targets- Founders
Commodities Global Commodities
Commodities Global Commodities
Rational Exuberance for Gold and Silver markets?
We lift our 0-3m price targets for gold and silver by 9% and 16%, respectively, to $2,400/oz and $28/oz.
We further lift 6-12m topside levels towards our bull-case scenarios, to $3,000/oz and $32/oz.
It is not demand for duration or a weakening US$ trend that is driving the…