SocGen’s ultra bearish gold and silver outlook
By GCRU Gold News on Thursday, March 26 2015, 01:18 - Permalink
Analysts at the French Bank Societe Generale (SocGen) in their latest research report have forecast that the gold price, having given away all its early year gains, was headed sharply lower, as it saw the dollar continue its gain in strength. They thus expected the bear market in gold to continue further and saw the price as falling to average only $925 an ounce between 2016 and 2019.