NEW YORK (Commodity Online): Bridgewater, the biggest hedge fund in the world with $125 billion in investments, is long Gold for 2012. The fund is also positioned for stronger emerging market currencies in Asia and low yields in high quality government bond markets.
Barclays Capital and Bank of America Merrill Lynch (BofAML) also puts Gold price to average $2000/oz in 2012 with BofAML noting that the recent correction “was not necessarily driven by a broad-based reassessment of fundamentals."
Legendary investor Jim Rogers is bullish for gold over the long-term but in the short-term, he prefers to be bearish. "In my view, gold could go to $1,200-$1,300 (an ounce)... Gold has been up 11 years in a row which is extremely unusual in any financial asset, so gold is overdue for a correction”, Rogers was quoted by Reuters.
No comments:
Post a Comment