Gold “easily $2,000 by the end of the year,” Michael Purves of Weeden & Co

Gold should hit “$1,800 probably by the late summer and easily $2,000 by the end of the year,” Michael Purves of Weeden & Co. tells CNBC on May 11. “The long-term fundamentals are just as intact today as they were a year ago or three years ago.” He adds: “I’m looking for a major breakout in silver, and I think we could see $50 later this year.”

See the interview with ADVFN chief executive Clem Chambers who tells CNBC when gold is going to $2000 » Go Long Gold!

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Past performance is not an indication of future potential values.