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GFMS: “Short-term forecast is that silver will trade between $28.70
to $32.90 per ounce in the second quarter, broadly shadowing gold …
forecasts a high of just above $40 for silver this year”
•
Scotia Capital: “Average gold price of $1,750/oz
for 2012 through 2014, $1,500/oz in 2015, $1,400/oz for 2016, and $1,200/oz for
2017 and beyond”
• ANZ
Research: “We're looking for a little bit above [$1,800] for a
year-end target. ... If [the $1,630 area] holds, then we should start to see
the prices move back up to $1,700, probably in $20 increments”
• Belvedere Share Managers:
“Expect [gold] to head to $1,800 by the end of the year [and]
consolidate over a very narrow range over the next few months”
• Martin Place Securities: “Expected
a price of at least $2,000 this year with that high to be reached
“quite rapidly … to look long-term, a parabolic curve emerges
that comfortably pushes the price to $5,000 in four years
time”
• Bank of America technician MacNeil Curry: “We'll probably see a move in
gold, before all is said and done, to between $3,000 to $5,000 (per ounce)
and potentially $7,000 per ounce"
and for some balance …
• Westpac: “We don't see gold breaching $2,000 an ounce in any
meaningful way … forecasting gold will average around $A1,780 an ounce
next year but that this will be the peak and prices are set to nudge back to
around $A1,500 a ounce by 2014.”
• Yoni Jacobs (Chart Prophet): “Predicts
gold will fall below the key $1,000 per ounce level on its way to the $700
area … believes there's a bubble in precious metals that's about to
collapse as detailed in his book, Gold Bubble: Profiting from Gold's
Impending Collapse”
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