Bullion's heading to $2,000 next year, he predicts
"Gold will outperform crude, copper, silver," Sterne Agee analyst Michael Dudas tells CNBC in an Oct. 23 interview.
"It's down 3-4% while other commodities are down 8-10%. I think it's a healthy pullback. I think there'll be some support in the physical market around $1,700. We'll see some buying out of India. We think that central banks will continue to have a bid under this marketplace, and as long as the Fed's going to keep real interest rates low forever, it seems, I think gold's going to continue to get bid in the marketplace, so I think this pullback from a fundamental basis, to me, is more of a buying opportunity than a sell. ... We've got a price target next year of $2,000."
