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Wednesday, October 26, 2011

Goldcorp's Jeannes sticking with $2 400/oz gold forecast

Goldcorp's Jeannes sticking with $2 400/oz gold forecast: Goldcorp CEO Chuck Jeannes isn’t budging from his prediction that gold will reach its all-time inflation adjusted high of $2 400/oz “in the next year or two”, despite bullion having corrected over the past month.

“The macro-economic factors supporting a higher gold price very much remain in place,” he said, adding that the recent falloff was “healthy” for the price of the yellow metal.

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