Posthaste: Bank earnings lose lustre, gold could hit ‘unprecedented’ heights and Toronto’s rent conundrum | Canada.com
Gold at US$1,600, that’s nothing. When David Rosenberg was asked by the Financial Post if the yellow metal could reach US$3,000, he said he wouldn’t be surprised. Gluskin Sheff’s chief economist says interest rates are going to keep going down and gold will keep going up to unprecedented levels. “Gold is going up in every single currency terms [not just the U.S. dollar]. It’s telling you that this is a bona fide and durable gold rally. And my sense is that it is going to continue,” said Rosenberg.