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Gold Analysts Are Far From Gold Bugs
Below we highlight a price chart of gold since the start of 2008 along with the median price estimates of gold analysts across Wall Street going out to 2013. The price estimates shown are quarterly through the first quarter of 2011, and then yearly from the end of 2011 through the end of 2013. Based on these estimates, gold analysts don't seem too worried about a falling dollar and rising inflation.
Their current estimates for the end of 2009 are at $960, and they get up to $1,000 by Q3 2010 before progressively dropping all the way down to $800 by the end of 2013. This isn't to say that there aren't analysts expecting gold to be higher than it is now in the coming years, but the collective estimate is currently for the metal to head lower.
From http://bespokeinvest.typepad.com/
Someone said gold will go up to 2000 in ten years. But others said it will go down to 800 in five years. So, 公说公有理, 婆说婆有理. Which one do you believe to be true? Let the market tell you. |
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