Gold $2000/oz in early 2012 says Michael Purves

"There's a technical or trading bull case for gold and a fundamental bull case for gold," says Michael Purves, chief market strategist at BGC Partners, he foresees gold at $2000 an ounce before March 2012 , although he prefers gold mining stocks "If you put gun to my head, I'd have to go with the GDX long term," he explains. "Gold is good and GDX is better." he added

Michael Purves : Silver is a Cheap Gold will go over $45 in 2011

Silver " has lots of catching-up to do and at a faster rate"..."well over $45 in 2011" says M Purves

Silver has pulled back from its all time high in December. Will the risk in silver for 2011 continue to be on the upside? BNN speaks to Michael Purves, Chief Global Strategist and Head of Derivatives Research, BGC Partners Silver has pulled back from its all time high in December. Will the risk in silver for 2011 continue to be on the upside? BNN speaks to Michael Purves, Chief Global Strategist and Head of Derivatives Research, BGC Partners