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  • The Significance of Gold Backwardation [View article]
    Last Thursday we highlighted consensus analyst estimates for the price of crude oil. Below we provide the consensus price target for gold through 2012. These target prices are based on the median of 21 gold analysts surveyed by Bloomberg.

    " . . . analysts currently aren't expecting a big rally or a big decline in gold over the next few years. By mid-year 2009, analysts are expecting gold to be at $825/ounce, which is less than $10 from its current price of $816. At the end of 2011, analysts expect gold to be down to $790, and then down to $762 by the end of 2012." Bespoke Investment Group
    Dec 15 14:09 pm |Rating: 0 -1
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