David Rosenberg: Euro Breakdown Could Drive Gold to $3,000

Gluskin Sheff analyst David Rosenberg says the breakdown of the euro could well drive the price of gold to $3,000.

"The case for gold heading to $3,000 an ounce is getting stronger by the day," Rosenberg writes in a note to investors.

"The euro has already broken below 1.30 to the U.S. dollar and there is plenty of room for additional decline going forward."

"It's only at a one-year low — wait until it moves to a decade low." (more)