The Phaserl


PDAC 2015: McEwen sticks to US$5,000 gold forecast

from Financial Post:

Rob McEwen is sticking to his guns.

Despite the poor performance of the gold price the last two years, and predictions from numerous experts (including Goldman Sachs) that it will drop further, the famous gold entrepreneur maintains his long-held belief that bullion will head north instead — perhaps to US$5,000 an ounce.

“I think we’re at a turning point,” the chief executive of McEwen Mining Inc. told investors in a luncheon presentation.

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