Gold Predictions
Jim Cramer for TheStreet.com - via Yahoo Finance (Nov 2011)
"I want to own gold here. I think gold is going to $2,500 eighteen months from now (May, 2013)... Gold has been up for ten straight years and this going to be the 11th. Everything that is coming out of Europe is saying they're going to inflate to get growth... Everything coming out of China is chaos... Gold doesn't correlate with anything”
MacNeil Curry for Bank of America Merrill Lynch - BOAML Analyst Report (Dec 2011)
"From a technical perspective we believe that the bull trend for gold remains intact… with gold having not yet met any of the conditions necessary for a top, we look for significant strength in the years ahead, ultimately targeting a top between $3,000 and $5,000 an ounce [in 2013-2014]. For 2012 gold will target $2,150-$2,200..."
Citigroup Research Team – Zero Hedge (December, 2011)
"While we remain cautious on Gold in the near term...we continue to believe that the bull market remains intact...we believe that 2012 may be reminiscent of 1978 when Gold rallied nearly 50% off the 1977 close. Such a move would likely put Gold in the $2,300-2,400 area in the 2nd half of 2012. On a longer term basis we expect even higher levels and target a move towards $3,400 over the next 2 years or so."
Silver Predictions
Mike Obel – International Business Times (December 27, 2011)
“Dealers in gold and silver coins expect higher prices next year, according to a poll released Tuesday by the Professional Numismatists Guild.
“Predictions about silver in the first quarter varied from $24.35 per ounce to $57.50 with a mean average of $34.04, and from$23 to $130 with the average of $48.73 by the end of 2012, said the guild, which is based in Temecula, Calif.”
Stephen Leeb – Leeb Capital Management – KingWorldNews (December 30, 2011)
“Segueing into silver, silver is even better here. The Chinese have started to stockpile silver, sort of hidden in an announcement they made the other day. They are not going to export any silver. China is not going to export, according to their latest announcement, not even one ounce of silver.
“So, if I were to target silver for the end of 2012, I’m going to be very, very conservative and say silver will finish 2012 at $60. It’s going to make new all-time highs.”
These are just some of the predictions, if you want to read some more of them, there are a ton more on this page:
http://goldcodirect.com/predictions.html