Gold Miner Predicts $2300 Gold Price

Sept. 21, 2011 - PRLog -- It could be a bullish run for gold in the next year according to a leading gold mining firm. Newmont Mining Corp. Chief Executive Officer Richard O’Brien said he expected gold prices to hit $2000 by the end of this year and $2300 in 2012.

At the Denver Gold Forum in Colorado Springs, O’Brien further commented that he believed gold could be in a bullish phase for the next five to seven years. According to reports, he believed it would take that long for people to get their house in order.

His gold coin price prediction would be a 28 percent gain in the price of gold in the next year. With gold only around $1800, that prediction would also mean a more than 10 percent gain in gold coin prices in the next two months.

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