Monday, October 3, 2011

Pierre Lassonde: Gold Correction Over, Expect $10,500 Gold

from King World News:

With so much worry surrounding the gold and silver markets, today King World News interviewed legendary Pierre Lassonde, to get his thoughts on what to look for going forward. Pierre is arguably the greatest company builder in the history of the mining sector. He is past President of Newmont Mining and past Chairman of the World Gold Council and current Chairman of Franco Nevada. When asked what to expect going forward for gold, Lassonde responded, “Two weeks ago I was the keynote speaker at the London Bullion Market Association Annual Meeting meeting in Montreal. Gold at the time was close to $1,900 and in my speech I said don’t be surprised to see a correction in the gold price of up to 20% over the next few months because I think it’s overdue. I didn’t know that it was going to happen in two weeks, but it did.”

Pierre Lassonde continues: Read More @ KingWorldNews.com

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