Commodity Trade Mantra

Posts Tagged ‘Gold Price Forecasts’

Deemed Necessary but Progressively Ineffective Monetary Injections will Support Gold

In the coming months, the central banks of advanced economies will begin to suffer from monetary exhaustion, possibly starting in Japan where the debt burden is now 250 percent of the GDP. As monetary injections will be seen as necessary but progressively ineffective, investors’ confidence in fiat currencies is likely to decline as they will add their gold purchases.

Gold Market Is Reaching The Extremes

As per the average gold market estimate in a Bloomberg News survey, the price of gold will drop to $984 per ounce before Jan. That would be the lowest since 2009 & a 10% retreat from Tuesday’s close. ANZ sees gold averaging $1,020 in Dec, Citigroup cut its three-month gold target to $1,000. but Morgan Stanley says gold prices could sink to $800 in its worst-case scenario.

Goldman: It's The Central Banks' Fault We Can't Be More Bearish On Gold

We’ve heard it all: snow, cold weather, hot weather, non one-time recurring, “one-time, non-recurring” charges, and even Bush. But when it comes to “excuses” for why one is wrong, this morning Goldman’s note “Central banks stall a more bearish gold outlook” absolutely takes the cake. Here is the jist of Damien Courvalin’s note.

Gold Outlook: Will Gold Bounce Back in 2014?

Will 2014 be a wonderful year for gold after a steep tumble in 2013 from its perch as a safe haven? The indications aren’t promising, considering the number of negative factors pushing against it. – As the old adage goes, “the cure for low prices is low prices”.

Gold: An Attitude Adjustment for Bankers

A growing number of institutional analysts, that only a few weeks ago were singing a bearish tune have become bullish on the near-term outlook for Gold – The swift attitude adjustment is a testament to the strong impact of rising prices on the investor psyche.

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