copper and nickel at winchester next door, page-4

Below is a post I have copied from another gold explorer posted on another HC site...I thought it was relevant to GNI too......I am not a HUGE gold bull but I do like to see what others think about gold prices in 2012 and beyond as this IMO will be a huge factor in GNI's SP over 2012....In a perfect world GNI will strike some good drill results and if the gold price does do what the Bofa Merrill expects GNI may be a muti bagger.....time will tell

"BofA Merrill are expecting the price of gold to hit $2000-$2500/Oz in 2012.

Quantitative easing next year will send gold to $2,000, BofA Merrill Lynch analysts say

December 19, 2011
The European Central Bank and the Federal Reserve have no choice but to buy bonds, they predict

Economically sensitive commodities such as energy and copper may fall by less in 2012 than the consensus view as large-scale monetary easing and tight inventories lend support, the Bank of America Merrill Lynch said. "Quantitative easing will lend a strong hand next year," said Sabine Schels, head of fundamental commodity research, speaking at the bank's year-ahead briefing in London. "We see cyclical commodity prices falling only modestly." In an outline of the bank's central scenario for 2012, Europe will go into a modest recession and global GDP growth will be around 3.5 percent. The sluggishness of Western economies will prompt large-scale quantitative easing from the U.S. Federal Reserve and the European Central Bank by next summer, Schels said, helping gold rise to $2,000-$2,500 an ounce. Read more.

In a separate CNBC interview, the bank's head of global commodity research, Francisco Blanch, echoed Schels' forecast: "You're going to have the ECB doing quantitative easing some time in the first half of next year, possibly as soon as the first quarter. And that's going to start to support gold prices. And possibly in the first half of the year in 2012 you will have the Fed coming in and buying more bonds, both Treasuries but also possibly mortgage bonds, and if that happens, that's going to be a very constructive environment for gold. ... You will see quantitative easing, first by the EBC, then by the Fed, and that's what gets you to $2,000 an ounce sometime by next year. It's still a good environment for gold."



http://www.blanchardonline.com/investing-news-blog/econ.php?article=3840

I look FWD to some drill results in january,,,,starting to accumulate a few as a high risk high reward punt,,all we need is an economic resource and a high gold price to fly...

dyor