TORONTO (miningweekly.com) – Goldcorp founder Rob McEwen is standing by his forecast that the price of gold will reach $2 000/oz by the end of 2010, he said on Monday.
While it may still seem a stretch from current levels of around $1 135/oz, it should be noted that McEwen has been making the prediction since at least March 2006. At that time, prices for the yellow metal had not topped $600/oz since January 1980.
“I have been saying for over five years: by the end of this year, we will be at $2 000 and, when the game is over for gold, it will be over $5 000 an ounce,” he said in an interview on the sidelines of the Prospectors and Developers Association of Canada's annual convention.
