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Year 7 Issue 1 February 2008
Gold at $1,000 "A clearPossibility" in 2008...
 
 
 
 
       
  Gold at $1,000 "A Clear Possibility" in 2008 as investor Enthusiasm Pushes Aside Forecast Slump in Fabrication & Higher Scrap  
 
     GFMS has released Gold Survey 2007 - Update 2, their latest report on the gold market. A summary of the findings of the report was given by Philip Klapwijk, Executive Chairman of GFMS, at a seminar in Toronto organized by the precious metals consultancy.

     A key aspect of the Update is the forecast for the Supply and demand variables moving forward and, based on that, the outlook for the price itself. This the consultancy has projected to average $ 840 over the first half, with further increases indicated as a possibility for later in the year.
  
 
     Klapwijk commented, "Investor appetite for gold at the moment seems undimmed and this should push gold higher over the year. Predicting the top is never easy but we always thought the $900 barrier could easily fall quite soon and then we have to start viewing $1,000 as a clear possibility for later this year".