"Standard Chartered have just made a big, bold, bullish call on gold (via Zero Hedge). They see the precious metal heading as high as $5000 a ounce.
They see rising demand and flat supply as the reason for this price increase. Notably demand from India and China is on the rise, and that's going to push prices higher. Further, demand from central banks, which have now become gold buyers over concerns associated with the dollar, adds to bullishness. Finally, new supply will be held off the market, because it will be hard for firms to make break-even on exploration and production..."
at http://www.businessinsider.com/standard-chartered-5000-dollar-gold-2011-6?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+clusterstock+%28ClusterStock%29#ixzz1PJkHrhLc
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