Scotia Capital is 'extremely bullish' on gold, silver and diamond prices
by Dorothy Kosich
Date: July 6, 2007
...Canada's Scotia Capital Equity research is unabashedly bullish on gold, silver and diamond prices...
In its initial foray into coverage of precious metals recently, Scotia Capital declared, "We are extremely bullish on the prices of gold, silver and diamonds over the next couple of years, as we believe that falling gold and silver production, along with rising investment and jewellery, will drive prices higher."
"In 2007, we expect gold to hit peaks over $750/oz and to average $675/oz," Scotia Capital's analysts forecast. "For 2008, we believe gold will rally even higher toward $800/oz but average $720/0z. We believe that these forecasts may prove to be conservative."...
The above information has been redacted from the article as it originally appeared on Mineweb.com on July 6, 2007.
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