The chart displayed below was taken from a recent article at The Daily Reckoning and shows the median gold price forecasts of analysts monitored by Bloomberg.
Bear's Lair
Bear Markets always follow Bull markets and a severe stock market correction is long overdue. Bears Lair will spot, monitor and analyze the stock market correction as it develops.
We don't hear much about gold and silver anymore on the news. This time last year you could not go 5 minutes without a TV or radio station talking about them. Why is this?
In order to satiate the world's growing hunger for silver, a lot of pressure has been placed on its supply chain.
It was a big day for the Precious Metals sector on Friday, for the dollar broke down hard from its recent uptrend, and at the same time gold broke out upside from its Head-and-Shoulders base pattern.
The stock market is at a very critical pivot point which I feel will generate opportunities in December and for the first quarter of 2013.
Early in gold's secular bull, contrarian investors looked to real interest rates as one of this metal's primary drivers.
In this commentary we'll survey the intermediate-term to longer-term market terrain.
Despite the recent weakness we are becoming increasingly bullish about the prospects for gold stocks.
Heading into this Thanksgiving week we should see much less volume coming in, especially Wednesday on with markets closed Thursday and only partially open for a few hours Friday.
At this time of the year when most of us have a lot more to be thankful for than we realize, (count your Blessings) let us all say a small prayer for those among us who have not been so fortunate.
With the US stock markets falling sharply since the elections, shell-shocked investors are scrambling for the exits. And this mass exodus is certainly rational in light of 2013's record tax hikes looming for American investors.
Mark Twain wasn't writing about the gold market when he made his famous quote about historical recurrence, but he could have been, as the gold market has been "rhyming" every 21 months.
Since emerging out of the usual summer doldrums, silver's performance has been dazzling. Buyers are returning to this hyper-speculative metal en masse, driving some fast-and-furious gains.
With the U.S. presidential election out of the way, the economy has taken center stage lately and for good reason: the economy typically benefits during a presidential election year while the 4-year Kress cycle is also peaking.
We exited our short positions in gold for a modest but useful profit when it broke out of its downtrend towards the end of October.
In this weekend report I would like to look at some ratio charts that compare gold to many different areas of the markets. If gold is going to lead the charge I would like to see it rally against just about everything.
Well, Americans voted and the winner is inflation. Half our voting populace inexplicably decided to award a second term to Obama. Four more years of mind-boggling record deficits and record national debt growth!
A question that many are asking right now is what impact the Fed's latest monetary policy action will have on the projected deflationary scenario for 2013-14.
It is that time in the presidential cycle that gets everyone emotional and concerned with the future outlook of the United States.
One of the most common questions that I'm asked goes something like this: "If the deflationary long-term cycle is in its 'hard down' phase until 2014, why should we expect gold' value to rise?
I don't know whether to start with the gold market comments on this transition or the upcoming Mayan calendar Dec 21, 2012 predictions.
In the 1st October Weekly Update we described three signs that will likely be seen at around the time of, or just prior to, gold's ultimate price top.
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Gold is still being mined and refined at the rate of almost 2,600 tonnes per year.
