Ned W. Schmidt joined us for a review of gold and silver. He’s convinced that the precious metals markets have bottomed. In addition, he believes that the gold miners have bottomed as well and that their performance will be helped by the extremely generous write-off’s they have recently taken. This will help to turbo-charge their earnings once metal prices being their ascent. Ned’s not expecting parabolic price metal price rises but thinks that gold could be in the $1400-1500 range by year end. Which would be perfectly acceptable.
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