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Message: Gold Forecast 2011

gold

highlowaveragerange
Ross Norman - Sharps Pixley Ltd $1,850 $1,350 $1,513 $500
Frederic Panizzutti - MKS Finance S.A. $1,780 $1,320 $1,502 $460
Bayram Dincer - LGT Capital Management $1,777 $1,222 $1,499 $555
Edel Tully - UBS $1,700 $1,250 $1,550 $450
Jörg Ceh - Landesbank Baden-Württemberg $1,700 $1,200 $1,450 $500
Philip Klapwijk - GFMS Ltd $1,673 $1,335 $1,477 $338
Matthew Turner - Mitsubishi Corporation International (Europe) Plc $1,653 $1,270 $1,465 $383
Anne-Laure Tremblay - BNP Paribas $1,650 $1,330 $1,500 $320
Jeffrey Rhodes - INTL Commodities DMCC $1,650 $1,150 $1,451 $500
Michael Jansen - JPMorgan Securities $1,650 $1,190 $1,463 $460
René Hochreiter - Allan Hochreiter (Pty) Ltd $1,650 $1,350 $1,475 $300

Average forecasts -

Perhaps the reason a lot of gold stocks like goldcorp are under performing is because the market is anticipating a drop in the price of gold. A few people on 321 gold are forecasting a drop to around $1250. Bob Moriarty seems to be overweight in cash at the moment, he does seem to get it right a lot of the time. I feel more comfortable holding sangold than any other at the moment with the exception of GORO with zero cash cost but I do not rule out a further fall.

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