Peter Krauth: “gold
will reach $2,200/oz. in 2012 … longer term
… gold prices will eventually hit $5,000/oz in a ‘superspike’ .”
Deutsche Bank: “Gold prices to reach $1,600 an ounce in the
second quarter and $1,800 in third … to touch $2,100/ounce in the fourth quarter of this year.”
Royal Bank of Scotland: “cut
its gold forecast for this year by 1%, to $1,725 a troy ounce … increased its silver price forecast for 2012 by 3% to $33.00/oz.”
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Technical analyst Brian
Bloom has an article utilising Fibonacci
semicircle arrays and
point and figure charts to conclude that “the charts are suggesting that the uncertainties in the
gold market will be resolved this
PESSIMISTIC GOLD TRADERS
The average gold timer is now allocating
about a seventh of his
gold-oriented portfolio to shorting
the market, according to
Marc Hulbert’s analysis.
THREE GOLD SCENARIOS
MoneyWeek reports on three
scenarios for gold developed by Capital Economics, including their disaster scenario where the gold price spike to "as high as $5,000".
IS THE BULL MARKET OVER?
The answer is NO, according to investmentscore.com.