Gold may top $1 500/oz by mid-year
By GCRU Gold News on Wednesday, May 4 2016, 07:25 - Permalink
Butler said gold has every reason to be going up as ‘pure uncertainties’, created by the prospect of slowing global economic growth and ‘increasingly unconventional central bank policies’, are naturally supportive for gold. “We’re very bullish on gold. We think it has resumed the secular bull market of the early 2000’s and it is no coincidence that that began when the Fed started to talk about using unconventional monetary policy to fight a deflationary financial crisis,” he said by telephone. Starting in January 2000, gold’s safe haven appeal saw it enjoy an uninterrupted 12-year rally.