Earlier this year Bron Suchecki suggested the LBMA�™s Precious Metals Forecast Survey was an effective gauge for
anyone pondering the likely direction of precious metal prices. After
analysing annual predictions since 2007, he said � historically, the LBMA forecast has been quite accurate ��
Every year, contributors are asked to consider the likely
trading range of gold, silver, platinum and palladium, and predict an average
price for each metal during the coming year.
The LBMA certainly makes sure that the annual Survey
reflects some of the best thinking available. Before being accepted onto the
panel, analysts are judged on �œa combination of relevant expertise, the analytical and
forecasting ability of the individual concerned, as well as the reputation
and standing of the institution they represent.��
Now the LBMA has published a league table revealing which
of these individuals have been the most successful over the years.
�œThis is the
precious metal market�™s equivalent of
the English football Premiership where three clubs, Arsenal, Manchester City
and Chelsea are currently vying for top spot,��
it said. (In fact there are four - Liverpool has made a late dash up the
ladder).
As soccer players focus on silverware in the form of the
Premier League trophy, contributors to the LBMA survey can win gold. Four 1oz
gold bars are awarded each year to those forecasters whose predicted average
comes closest to actual average price for gold, silver, platinum and
palladium.
Ross Norman (Sharps Pixley), Philip Klapwijk (Precious
Metals Insights) and Rene Hochreiter (Allan Hochreiter) are the form players
right now with an impressive five 1oz gold bars each. Each one has raised the
bar, so to speak, when it comes to precious metal price forecasting! It will
be interesting to see how they go in 2014.
There�™s plenty more talent
coming through the ranks, however. For more insights into the best LBMA
Survey�™s best performers, click An Historical Review of the LBMA�™s Precious Metals Forecast Survey.
