LBMA Delegates See Gold Above $2,000/oz. by November 2012

Source: Kitco, Allen Sykora (9/21/11)

"The LBMA polled the audience using an electronic system both at the end and start of the two-day event."

Kitco, Allen Sykora

Delegates attending the London Bullion Market Association’s annual conference in Montreal this week look for gold to be above $2,000 an ounce when the group holds its next annual gathering in November 2012.

The LBMA polled the audience using an electronic system both at the end and start of the two-day event. Of the 530 delegates who voted, the average expectation as of Monday morning was $2,075 gold by Nov. 5, 2012. A second vote was taken early Tuesday afternoon as the conference wound down, and this time the average tally was $2,019. Shortly after the votes were announced, gold was trading at $1,803.50 an ounce, according to prices on the Kitco Web site. . .View full article

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