Bank Of America On Gold's Imminent Rise To $1500 | zero hedge

Nov 24, 2009   //   by Admin   //   Sell Scrap Gold  //  Comments Off

As we expect gold to maintain its long-run relationship with other commodities, we see a third stage of gold price appreciation where prices push above $1500/oz on the back of higher oil and commodity prices (Chart 15). Our view is, as always, not without risks …. On the other hand: I’ve seen a lot of unlogic things happen during this depression so it is very well possible gold could crash. So the best way to make your decission is: RED or BLACK and “Rien va plus”! …

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