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Stock Lobster

05/11/10 8:42 AM

#317776 RE: Tuff-Stuff #317770

Gold $1216, Nadler from Kitco on Tom Keene's right now...thinks gold cannot sustain these prices, although it could oveshoot to 1350 (GS's target)

He says we're headed towards a deflationary scenario, esp if China starts clamping down on asset prices

Kitco's only risk is a too strong Loonie (USD .95/.93c to CAD at $1.05)

He says gold at $880-$890 in 12 months.

LOL