- 3 'Clear Sailing' Mid-Caps For Investors: Strategist
- Expect Stocks to End the Year Lower: Market Pro
- Wal-Mart To Continue Retail Success: Analysts
- Opposing Views on Coca-Cola Price Target
- How To Play China's 'Amazing' Run: Analysts
- Commercial Real Estate Best Place For Money: Strategist
- Enterprise Tech Companies to Focus On: Portfolio Manager
- This Chemical Company Will Rally into 2010: Trader
- 3 Safe Investments That Let You ‘Sleep Better:’ Strategist
- Beware of 'Trampling Effect' When Market Tops: Manager
MOST SHARED
- Hewlett-Packard to Acquire 3Com for $2.7 Billion in Cash
- This Town Will Pay YOU $10,000 to Buy a House
- Credit Is Thawing, But Businesses Still Hesitant to Borrow
- China Signals That It May Allow Currency to Rise Against Dollar
- Why Stronger Chinese Yuan Would Benefit US Investors
- Addicted to Easy Money?
- The Bra That Doubles as a Putting Green
- Oil Tomorrow
- HP's Shot Across Cisco's Bow
- USC Football Blog Leads All-Access Space
- Clowning Around At Work
- Ahead of Earnings Disney Restructures Studio
- Nov. 11: Unusual Volume Leaders
- 3 'Clear Sailing' Mid-Caps For Investors: Strategist
- Intimate Apparel Sales Heating Up: Maidenform CEO
- A Day On The USS Harry S. Truman
- Expect Stocks to End the Year Lower: Market Pro
- Applied Materials Profit, Sales Top Wall Street Forecasts
- Credit Is Thawing, But Businesses Still Slow to Borrow
- Why Stronger Chinese Yuan Would Benefit US Investors
- AIG CEO: I Remain 'Totally Committed' to Firm
- How the Droid and Google Threaten the GPS Makers
- Kudlow: Is US Addicted to Easy Money?
- Commercial Real Estate Near Disaster: Fund Manager
- A Day on the USS Harry S. Truman
- Intimate Apparel Sales Heating Up: Maidenform CEO
RSS FEED
CNBC Stock Blog
Text Size 
Gold prices rallied 14 percent over the last two weeks as stocks declined — but the precious metal is down for the quarter. But Dan Smith of Standard Chartered told CNBC he's bullish on the commodity.
"We've seen very strong physical demand for gold coins in places like India and Europe," he said. "A lot of the bad news [for commodities] is already priced in."
What about the resurgent U.S. dollar? As of this writing, the dollar is up against the yen [$$JPYUSD
Loading...
()
] and against the euro [$$EURUSD
Loading...
()
]. But Smith says that's merely temporary:
"The [U.S.] dollar is in a substantial weakening cycle, both for structural reasons and expectations of the bailout" and its effect on the U.S. budget balance sheet, he said.
He expects short-term strength for the greenback -- until "late 2009," when he sees the dollar's decline steepening. Then, expect to see gold over $1,000 per ounce, he predicts.
Aaron Smith at Superfund Financial is even MORE bullish -- in a shorter horizon.
__________________________________
Click ticker for quote data:
Gold ETFs
- SPDR Gold Shares [GLD
Loading...
()
]
- Market Vectors Gold Miners ETF [GDX
Loading...
()
]
- iShares COMEX Gold Trust [IAU
Loading...
()
]
Gold Miner Stocks
- Barrick Gold [ABX
Loading...
()
]
- Freeport McMoRan [FCX
Loading...
()
]
_______________________________
_______________________________
Disclosures:
Disclosure information was not available for Smith or his company.
Data is a real-time snapshot *Data is delayed at least 15 minutes