Tuesday, September 21, 2010

Harmony (NYSE:HMY) CEO Sees $1,500 Gold Price by End of Year

Harmony Gold Mining Co. (NYSE:HMY) chief executive officer Graham Briggs said gold prices by the end of 2010 could reach as high as $1,500 an ounce.

This comes on the heals of several record-breaking performances by gold, as it soars on continuing concerns over the recession, European sovereign debt and anemic American and European economies.

Other than that, some clowns actually had the guts to declare the recession was over, but not just over now, but over in June 2009.

I guess the rest of us were just too dumb to see that. Glad they told us. We were so foolish to think otherwise.

Briggs added he doesn't see anything in the way to stop the continuing climb of gold anytime soon.

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