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Erste Group published a Special Report titled "In GOLD we TRUST" at http://www.erstegroup.com/en/Press/P...011/04.07.2011
I first read about this via a summary at Zero Hedge which you may want to read first, because the paper is 91 pages long: http://www.zerohedge.com/article/gol...id-expects-gol
This is an interesting piece of work just due to its length.
Conclusions end with:
I first read about this via a summary at Zero Hedge which you may want to read first, because the paper is 91 pages long: http://www.zerohedge.com/article/gol...id-expects-gol
This is an interesting piece of work just due to its length.
Conclusions end with:
Our next 12M target is USD 2,000. We believe that the parabolic trend phase is still ahead of us. This phase should take the gold price to our long-term target of at least USD 2,300 at the end of the cycle.