The Globe and Mail: Gold stocks are down 50% - but they’re no bargain, says Jefferies

Bullion’s bear-market decline has made gold bugs very quiet these days, but it has emboldened the naysayers.

Nouriel Roubini, the well-known forecaster and economics professor at New York University, recently said that gold was headed to $1,000 (U.S.) an ounce by 2015 – adding to the misery of anyone who had loaded up on the precious metal in the hope of avoiding oncoming hyper-inflation and the collapse of the U.S. dollar.

Read more...