Gold to Hit $2,000 by Year-End on More Fed Easing: Merrill

July 12th, 2012

FAKE NEWS for the Zionist agenda

Jean Chua
CNBC
July 12, 2012

Merrill Lynch has added its voice to the chorus of gold bulls who have been predicting that bullion will hit $2000 an ounce.

Francisco Blanch, Head of Global Commodity Multi-Asset Strategy Research at the investment bank, says he expects the Federal Reserve [cnbc explains] to initiate an asset-purchasing program of as much as $500 billion in the second half of the year, which will drive spot gold much higher by the end of the year.

“We think that $2,000 an ounce is sort of the right number,” Blanch said on CNBC Asia’s “Squawk Box” on Thursday. “We believe that ultimately the Fed will be forced to do quantitative easing [cnbc explains] . If it happens in September, as our economists expect, we will get a rally sooner in gold. If it happens after the election (in November), we will get the rally a little bit later; probably we will touch $2000 an ounce sometime next year.”

Spot gold was trading almost unchanged at $1,569.71 an ounce by 6.14pm GMT on Wednesday and inched up to about $1,572.80 in early Asian trade on Thursday. The metal has fallen nearly 20 percent since touching an all-time high of $1,918 in September last year, as a combination of Europe’s debt crisis and concerns over global economic growth triggered a selloff in risk assets like commodities.

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5 Responses to “Gold to Hit $2,000 by Year-End on More Fed Easing: Merrill”

Is Mr. Jones trying to speculate the stock market? He is claiming the gold price will skyrocket every single month…
They always talk about gold going up when more currency is printed but gold never goes down when a big find like the one on Germany this year is discovered. You remember the one that is probably worth trillions….

Whole thing is a scam. Its a pretty rock that has some industrial and social uses….nothing more!

1Patriotgal Reply:
July 12th, 2012 at 9:37 am

“SOME industrial” uses???? How’s that computer, of yours??? LOL- Au Ag, MAKE our “modern Society”, possible.
YOU might trust fiat paper- I’ll trust Ag, Au, Pb….
WhoooHooo!!!! I’d say $2k, is being conservative!!! I can’t wait, to see what Silver ends year at!!!!

@thebeast- Have you been following precious metals any??? I have- for 35 years. “Mr. Jones” is a businessman. You don’t have to BUY anything from him. In fact- It amazes me, how much he GIVES away, gratis. Such as this fun site.

As far as “manipulating” anything- JP Morgan is holding enough “short contracts” for Ag, to bankrupt them NOW, if they are called. Not to mention, starting the instant crash, of the US economy.
I did some serious calculations last year and determined that gold would be $2,400 ounce when the dollar reaches a negative value as compared to the 1970 dollar. Any rise after that could top out at $3,200 during the negative dollar value at which time the dollar “bust” will come with super hyper inflation as the entire world dumps the fake dollar.
This has all been done by the BANKSTERS/FedReserve that hijacked the US monetary system in 1913 and 1933, with the blessings of bought and paid for Congress. They don’t care because they have already raked in countless trillions and already have the gold, riches and properties and have bleeding humanity ever since. Everything banksters conceive is simply another scheme to make money from money and produce nothing.