31
March
Fund manager says gold should rise to $2,000 within a year
31 March 2011 MarketWatch
The unrest sweeping through the Middle East is already priced into oil, says hedge fund manager John Brynjolfsson, who says he likes the commodity more for long-term supply pressures than the recent shocks hitting oil-producing nations.
In the long run, depletion of oil fields will combine with increased global industrialization to make his firm “not optimistic that supply will satisfy demand at current prices,” said Brynjolfsson, managing director of hedge fund Armored Wolf, LLC in Aliso Viejo, Calif., in an interview.
http://www.marketwatch.com/story/gold-oil-can-gain-as-unrest-eases-brynjolfsson-2011-03-31
