BLOG WATCH
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.”
Download today’s full Blog Watch (pdf 224kb) for more reviews, including:
TECHNICAL ANALYSIS 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 coming week.”
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.
