Gold seems to be under-written at $1520 USD. EVG share price drifting lower with the market.
Standard Chartered just released a study showing the coming reduction of gold production over the next 3 - 5 years will lead to a $2000/oz price. So I'm in this one for the long haul. Adding this to Murrenbeeld's forecasts of $1600 this year and $1800 next year, the upward trend is still there in the forecasts without listening to some of the crazy figures like $5K. There will be a rush to gold from Europe and if Germany pulls out of the Euro the rush will be a stampede.
EVG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
