Kitco's Jon Nadler, who seems to love poking a stick in our gold bug eyes, is still at it, in spite of such bullish scenarios as just spelled out in gwr's posts. Nadler came up with this one, below, late yesterday afternoon, in case you haven't seen it. Not the first time I've seen this projection, however, since even some guys on the tube the other day were mouthing something similar. Would be nice to see the majority (at least 9 out of every10 by my count) on our side prove these guys wrong once and for all.
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"A survey of gold gurus over in Kyoto at the LBMA summit reveals that most of them expect only modest gains from the yellow metal in the coming year. While allowing for one more spike in prices related to a possible worsening of the already bad crisis we are living through, those surveyed saw gold at about an average of $958 per ounce, fourteen months from now. In addition, they linked any such values being achieved and maintained on scared investors running to the gold umbrella. Without them in the picture, gold would have to contend with surging scrap supplies and evaporating fabrication demand - not a formula that makes for four-digit price tags. Quick, someone send these folks some hate e-mail for being 'bearish.' What do they know? They are only gold gurus."

http://www.kitco.com/ind/nadler/oct0...