CEOs of “emerging to mid-tier gold producers” say gold will hit $1,100 to $1,500 by the end of the year, citing hyperinflation as the reason. But even Neil McMillan, CEO of Claude Resources, who predicts deflation well into 2010, is bullish on gold. His reason: gold “represents a flight to safety for investors. It’s a fallacy that you need inflation for gold prices to perform well.”