Will Gold Be $1,000 or $10,000 in 2015?

by Lorimer Wilson, Grams Gold The internet is awash with analysts who believe that gold is going UP to $10,000 or DOWN to $1,000 and that silver is going DOWN to $15 or UP to $300. Such pundits (Roubini, Sinclair, Rickards, Willie and Edelson to name a few) grab a lot of attention in the media but are their prognostications worth paying attention to or are they just a lot of hot air?

Below is a list of  forecasts of the future movement in the price of physical gold with an update as to how close their predictions have come to reality – to date.


1. Gold Could Possibily Reach $3,000 – $4,500 By 2016! Here’s Why

Vronsky of gold-eagle.com says that since the gold price has moved in concert with the growth in the US Federal Reserve Balance Sheet since 1999 including, the recent correction in both during the past three years, gold could possibily reach $3,000 – $4,500 by 2016! .

2. Gold & Silver: Parabolic Surge to $3,500 & $90 to Begin In Early 2015

Juan Eduardo Morales Veas (MoneyGreedandFear.com) suggests that both gold & silver will show renewed weakness to $900 & $15, respectively, in early 2015 before jumping dramatically in price by the end of 2016/early 2017 – to $3,500 and $90 respectively. His anticipation of renewed weakness has been correct to date but will his specific projections hold true? Below are the specific details (with charts). Read More »

3. Nouriel Roubini: Gold to Be Gutted! Here’s Why

Roubini expects gold will fall below $1,000/oz – a point not seen since 2007. No time frame is given.Read More »

4. Sinclair: Silver’s Rise Will Be Orgasmic; Gold Is a Buy Below $3,500

Jim Sinclair forecasts that gold will be roughly $4000-4500 by 2015-17 and, while silver will not reach $500, it certainly will see triple digits.

5. Authors Of “The Money Bubble” Foresee $10-12,000 Gold & $500 Silver – Here’s Why

James Turk and John Rubino argue that the price of gold is about to soar to $10-12,000/ozt. – and silver to $500/ozt. Here’s why. 

6Mark My Words: 2017 Will See A 31,000 Dow; $5,000 Gold; $125 Silver & Select PM Stocks Up 3,000%! Here’s Why

Larry Edelson maintains that once this pullback in the broad stock indices is over, the Dow Jones Industrial will lead the way higher yet again, and catapult to 31,000 over the next 3 years, with gold reaching $5,000, silver $125 and select individual stocks in the mining sector spinning off gains of 2,000%, 3,000% and even more. 

No, I’m not out of my mind. Quite to the contrary, I believe I am the one analyst who really understands the forces that are building to enable such to occur. Read on to learn about my enviable track record over the years and specifically why such gains will be realized over the next three years. 

7. Could a World of $7,000 Gold, $100 Silver & $400 Oil Be Coming?

Jim Rickards explains why a US dollar collapse could be coming and gold could emerge at the heart of a new global monetary system as the only money that you can really trust. 

8. Jim Willie: Gold Will Rise to $5,000/ozt. and Beyond & Silver Will Rise Multiples Higher

Willie suggests that the world economic crisis has entered a new elevated level of perma-crisis and constant tension without either resolution or even the attempt to resolve anything and, as such, the price of gold will rise to $5,000 per troy ounce, then higher, and at the same time, the silver price will rise multiples higher

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Other Articles of Interest:

1. Only These 42 Analysts Dare Predict When – and At What Price – Gold Will Peak

There were no shortage of gold price pundits/prognosticators back in 2011 & 2012 claiming that gold would be going to “x” price by “y” date. Below is an updated list of those 42 pundits who were bold enough to provide a specific date as to when their forecast would be realized with their criteria & rationale supported by links to articles in which their determinations were first put forth.Read More »

2. The Future Price of Gold and the 2% Factor

It is my contention that the price of gold rallies whenever the U.S. dollar’s real short-term interest rate is below 2%, falls whenever the real short rate is above 2%, and holds steady at the equilibrium rate of 2%. Furthermore, for every one percentage point real rates differ from 2%, gold moves by eight times that amount per year. So if the real rates are at 1%, gold will move up at an 8% annualized rate. If real rates are at 0%, then gold will move up at a 16% rate (that’s been about the story for the past decade). Conversely, if the real rate jumps to 3%, then gold will drop at an 8% rate. [Let me explain.] 

3. This Site Reveals the Performance of Financial Pundits – How Well Has Your Guy Done?

Recently I discovered a website which tracks pundits in finance (and politics and sports). Check it out to see how many of the calls and predictions of your favorite prognosticators have turned out to be true. You’ll be surprised and, no doubt, disappointed! Read More »

4. Noonan on Gold & Silver: “Odds favor retesting lower from here”


Every bottom undergoes a process of retesting but none is yet apparent in gold & silver. In the early part of 2014 we said that the second half could likely be more of the same as it was in 2013, and with just a few weeks away from the end of the year, prospects for 2015 can equally be brought into question regarding the price appreciation of gold and silver.

Noonan goes on to say in further edited excerpts:

Silver

Silver is not in a strong up-trending market, and that makes the likelihood of further retesting under 16 a greater possibility.  It may not happen, but odds favor retesting lower from here.
…..

If you can’t afford to buy gold bullion at over $1,000 an ounce, consider buying it by the gram. It’s affordable. And you also have the option of an affiliate plan, if someone you knows buys it, you make money. Watch this for more info:




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The above article is presented by Lorimer Wilson, editor of www.munKNEE.com(Your Key to Making Money!), www.FinancialArticleSummariesToday.com (A site for sore eyes and inquisitive minds) and the FREE Market Intelligence Report newsletter(register here; sample here).  This paragraph must be included in any article re-posting to avoid copyright infringement.

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