Tuesday, Bloomberg revealed the results of its gold price survey. Bloomberg surveyed 29 analysts about expected gold price highs in 2011. The median of the survey was $1,500.
In parallel, Bloomberg also compiled 17 forecasts for next year’s average gold price, the median estimate being $1,247.50.
Let’s treat the Bloomberg survey as a sample of market sentiment and consider this information a theoretical input for a speculative trade. What options do we have?
The simplest version would be to dismiss (for now) the information about the average expected price and buy now, as $1,500 would mean a
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September 2nd, 2010 | Posted in Gold Investing | Comments Off
Given the decades of rampant manipulation of the precious metals markets on the “short” side of trading, it is more than ironic that as the U.S. CFTC (“Commodity Futures Trading Commission”) ponders restrictions on commodities markets, it has expressed the most public concern about “speculators” on the “long” side of investing.
This comes with HSBC (HBC) sitting with the largest concentrated-position in the gold market in history (“short”), while JP Morgan (JPM) sits with the largest concentrated-position in the history of the silver market
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September 2nd, 2010 | Posted in Gold Investing | Comments Off
- Deutsche Bank analyst predicts $1,550 gold for 2011
- We’re in the early stage of a huge uptrend
- My strongest recommendation yet
Gold is entering a tenth straight year of gains, and if we’re going to be honest with ourselves, that trend should give us pause before we add to a position in gold.
But don’t sell your gold just yet. According to recent article from Bloomberg, there’s still plenty of upside.
From the article:
Dan Brebner, an analyst at Deutsche Bank in London who is the most accurate forecaster so far this year, says the metal may reach $1,550.
Listen, I just
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September 2nd, 2010 | Posted in Gold Investing | Comments Off
Gold: Risk appetite increased yesterday as the first day of the new month saw equity buyers return and bond prices fall. Gold and silver prices fell marginally but remained near multi week highs and in gold’s case very near the all time record high (nominally). European equity markets are a bit more tentative this morning and the pound and the dollar have come under selling pressure.
Markets await the ECB decision and US jobs data and any negative surprises could be the catalyst for gold reaching new record highs (record daily high close is $1,258/oz and record inter day
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September 2nd, 2010 | Posted in Gold Investing | Comments Off
