I PRAY 2010
22-10-2010 golden marketExhaustive report on the price of the gold in 2010. Investors' forecasts, specializing banks, agents of funds, and analysts and brokers international. In general, the analysts show themselves very positive with regard to the metal gilded in short and half term, thanks to a recovery of the world demand, some limitations in the offer and to an increase of the investing flow.
22-10-2010 finance
Deutsche Bank - The gold will reach 1.400 dollars by the end of year 2010
Because the situation macro global is not good, with low interest rates and a war of currencies that might depreciate the principal western coins.
Alejandro Díaz-Llanos, responsible for sales for Europe of prime matters of Deutsche Bank, explains:
“Also, the emergent central banks will keep on buying gold not to have too many reservations in dollars and because his percentage levels of this metal are still much shallows compared with those of the developed central banks, and that the investment in funds quoted with prime matters as underlying also it will pull the demand.”
10-07-2010 DB
Deutsche Bank - The upward perspective of the gold
The analyst Jorge Beristain de Deutsche Bank Securities, dedicated to mining and metallurgical companies, has an upward perspective with regard to the gold and the companies that produce it.
“We believe that the European sovereign debt and the investments in gold across quoted funds have been the principal reason of the high prices of the metal in the second trimester of 2010. We hope that the weakness of the American dollar should be a catalyst of even higher prices in the gold”.
“Inside what we analyze, the gold is the most favored metal and although the prices of the gold have climbed to historical nominal maxima, we do not believe that the prices of the metal could be considered to be excessive. In the middle of winds opposite to scale macro (crisis of sovereign debt in Europe, credit restrictions in China, numerous weak economic information in the United States) sheltering in the safety will raise the prices of the gold at higher levels until 2012, it is our opinion.”
Beristain predicts that the prices will increase to 1.450 dollars in 2011 and 1.600 dollars in 2012.
Also he bets for the producing companies of gold Newmont Mining and Barrick Gold like those who more will make use of this popularity of the gold.
21-05-2010 he was investing
In the gold I trust - The gold duplicates his value in the crisis while bag and fixed revenue fall down
The economic crisis has shot the quotation of the gold, which in the last three years almost has duplicated his price.
The coveted metal is making a show of his value I shelter and his appreciation might lengthen more 25 % in the next months.
Miguel Freijo, responsible for the Plant of IG Markets, indicates:
“The investing appetite for the gold continues to the rise. When it should stabilize the exchange rate euro / dollar, it will continue the upward tendency.”
An opinion shared by other analysts. Gerry Schubert, of Fortis Holland, was indicating a few days ago that the gold will serve of refuge for the investor if the debt problem persists in the European countries and that the ounce will reach 1.500 dollars in some moment of the year 2010, what supposes a growth of more than 25 % from the current levels.
Robin Bhar, of Crédit Agricole, also believes that it keeps on being a good moment for the gold and it sees his price in 1.300 dollars for the following month.
To Freijo they do not miss these predictions, since he thinks that the gold is now “more refuge that never”.
“The sudden departure of the gold has just begun”, tells the expert of IG Markets.
The doubts about the currencies have helped to increase the buys of the gold.
The dollar, after the suspense caused in the last months, has recovered his value like reference currency, but only for the weakness showed by the euro after the debt crisis of countries like Greece, Spain and Portugal.
The price of the gold has grown close to 90 % from his levels previous to the summer 2007, when the collapse of the mortgages began suboccupy first place, germ of the current crisis.
In the last 12 months, the upturn has been 26 % (32 % up to maxima) and in 2010, the increase is 8 % (of 13,4 % up to maxima).
This rally overcomes to lived between beginning of 1985 and ends of 1987, when the price of the gold climbed 75 %, although his value is far from the increase of ends of the seventies, when in only 2 years, cuadriplicó.
02-01-2010 M&G
M&G Investments advises to invest in gold
The precious metal, which it quotes in area of historical maxima, supports his attraction before the high suspense levels on the global markets.
22-12-2009 Reuters
Rob McEwen (US Gold Corp). “Price prayed in 2010 it would come to 2.000 dollars”
In an interview, Rob McEwen, executive president of US Gold Corp, said: "The gold is a money, it is a currency. The gold only is used as it coins in times of economic problems and we are in one of these points - one of three in the last 110 years. At the end of 2010 I see the price of the gold to 2.000 dollars and before the game ends to more than 5.000 dollars. The annual mining production is declining and the costs rising, that means major prices. A deficit of the golden supply and the impression of money on the part of the Governments probably impel to the rise the price of the gold to 2.000 dollars for ounce at the end of next year 2010 and on 5.000 dollars between 2012 and 2014. I think that our governments will be printing more money and the dollar will buy less.”
McEwen possesses an extensive experience in the direction of several mining companies of gold during the last 20 years.
US Gold, with head office in Toronto, has grounds in Nevada and Mexico, where it realizes exploration and perforation.
Web site of US Gold Corp: www.usgold.com.
12-2009 Investec
Investec: "The gold is a sure investment”
The specializing bank Investec predicts that the precious metals - especially the gold - will be sure investments for those worried by the instability of the bags. On the other hand, the strong demand of the Asian central banks will contribute to the prices increase.
12-2009 DB
DWS - The golden ounce for 1.500 dollars
DWS, agent of funds of the Group Deutsche Bank, augurs that the golden ounce goes so far as to overcome 1.500 dollars.
12-2009 EuroPac
Peter Schiff: "The gold will reach 5.000 dollars for ounce”
Peter Schiff, founder of Euro Cardinal Pacific, supports his position:
“The gold will reach 5.000 dollars for ounce.”
12-2009 Saxo
Saxo Bank augurs that the gold will reach 1.500 dollars in 2014
“The general strengthening of the dollar might break the support of the last speculative element of the gold. Although, we are of the opinion of which the gold will experience long-term increases, we believe that it might reach the 1.500 in 5 years.”
12-2009 XTB
Trade Brokers - The inflation will favor to the gold
The analyst Alexander Hick de Trade Brokers assures: "In the current context it does not seem descartable that it does not keep on rising. When the recovery begins really the inflation is going to increase and it can favor this one to the gold, which also is going to act like refuge opposite to the loss of real value of the currencies, bearing in mind that the central banks are going to keep on printing currency.”
12-2009 Citi
Citi - Price of the long-term gold in 1.200 dollars
Citi hopes that the prices of the gold in 2010 should keep on benefiting from the diversification of reservations and from the weakness of the dollar, and they place the price of the ounce to 1.120 short-term dollars and to 1.200 dollars to length.
12-2009 LBBW
LBBW - Price Prayed 2010 concerning 1.250 dollars
Frank Schallenberger, analyst of Landesbank Baden-Württemberg (LBBW), believes that the golden price will be located in 2010 concerning 1.250 dollars.
12-2009 Beck Tradingproject
Beck codes the price of the gold in 2010 in 1.300 dollars
Gerd Henning Beck, a specialist in investment funds, is of the opinion that “while the central banking continues with the open doors, the prices of the prime matters will keep on rising”, and he codes the price of the gold in 2010 in 1.300 dollars, a quotation that would be historical.
04-12-2009 Newmont
Newmont Mining - I Pray to 1.350 dollars in 2010
The executive director of Newmont Mining Corp, Richard O'Brien, thinks that the ounce of the gold might increase 1.350 of dollars in 2010 and up to 1.500 dollars in two years, catapulted by the weakness of the dollar. In an interview in Toronto, the executive affirmed also that Newmont would not follow the lead of any of his rivals who are selling his smallest or not fundamental mines. Newmont is the second biggest auriferous producer of the world.
“We are going to remain without fuel in some moment, but I do not believe that that means that we are going to suffer a decrease of the prices of the gold for the long time, because I believe that many of the essentials that have given support to the gold in 1.200 dollars are still in his place and are going to be here for a good weather.”
04-12-2009 UBS
UBS - I Pray to 1.300 dollars in 2010
UBS AG calculated that the golden ounce might climb up to 1.300 dollars next year.
04-12-2009 Goldman Sachs
Goldman Sachs - I Pray to 1.265 dollars in 2010
Goldman Sachs Group Inc. has raised his projection of the ounce of the gold to 1.350 dollars for the next 12 months, from his prognosis previous to 960 dollars. He estimates an average price for 1.265 dollars for ounce for 2010.
04-12-2009 standard Chartered
Standard Chartered - I Pray to 1.150 dollars in 2010
Standard Chartered Plc also raised to 1.150 dollars the projection of the average price of the golden ounce for 2010 and to 1.300 dollars for 2011.
09-11-2009 boa
Bank of America Merrill Lynch - The gold to 1.500 dollars possible in 18 months
The futures on the gold keep on concentrating the attention of the investors and the analysts after having come to historical maxima. The Bank of economists America Merrill Lynch think that the price of the ounce of the gold will overcome 1.500 dollars in 18 months. BoAML justifies this position in which the currencies of the G10 - those of the principal central banks of the world - have a problem of credibility, what will do that the central banks of the emergent countries bet for the gold in order there is covered opposite to future depreciation of the currencies of the G10.
06-11-2009 market
Global delta Advisors: Gold will touch 2.000 constant dollars about 2012
Gold standard. A grupito of anachronistic economists, several Nobel Prizes inclusive, they affirm that the gold will work again like currency of last instance (he believes that, p.ej., the consultancy Global Delta Advisors). According to this source, “the central banks induce inflation as way of stimulating growth”. Dollars refer to the monetary policy of Obama, which has raised the federal debt titulizada to 6,94 trillions. To accentuate pressures, Goldman Sachs estimates in 2,9 trillions dollars the additional debt in the fiscal two-year period, which comes to September, 2010. It is perceived, skylight, a speculative climate. Partly because, the emirates do not discard to eliminate the dollar like the only currency, in some moment of next decade. In this context, a prediction of 2008 is refloated: "other will touch 2.000 constant dollars about 2012 ″.
05-11-2009 Bloomberg
Global Emerging Advisors - Gold between 1.250 ó 1.350 dollars in the next 6 months
Richard C. Kang of Emerging Global Advisors tells that it is the mentality of herd the one that is feeding the boom concerning the gold. Many investors, especially in the world developed, are infraponderados in prime matters, from the gold, metals, up to energy and agriculture. It is very possible that increase the exhibition of his portfolio in these products between 5 % and 10 %. In his opinion, the fundamental ones were those who supported the first advances of the metal, but now he has installed on the markets a mass psychology to himself. We will be able to see to the gold in 1.250 ó 1.350 dollars the ounce in the next 6 months and if these it is like that, 2.000 dollars are possible.
11-2009 HBH
Hanseatic Brokerhouse would wait to see falls before taking new positions
Hanseatic Brokerhouse, Alejandro Martín, does not discard a small correction of the price of the gold before keeping on rising. The fact of overcoming 1.000 dollars for ounce has created a psychological barrier that acts like support. After the strong increases registered by the precious metal we think that it would not be ruffled to see descents in his quotation up to the area of 1.000 dollars, area where from it might begin to gain positions again. Nevertheless we are lightly prudent since a possible revaluation of the green ticket, especially facing a possible types movement on the part of the Fed, might affect negatively to the quotation of the gold. We would wait to see falls before taking new positions.”
14-10-2009 JR
Jim Rogers: "The gold will overcome 2.300 dollars”
The American expert in prime matters Jim Rogers thinks that the boom has not ended and that the bullish market still has trip for several years. Jim Rogers thinks that the fundamental ones of the gold do not support new rises, but that it will reach 2.000 dollars in a decade and that it, even, will overcome his absolute historical maximum of 2.300 of dollars (price fitted to the inflation). The exact moment will depend on several factors, including the politicians.
12-09-2009 strategies Of Investment
The gold will keep on being the sheen of the investments
The gold is the most profitable assets again. It is the opinion of the experts that, after seeing how this matter has exceeded his maxima, they think that it will keep on being right in it. The last report on the gold published by Erste Bank was admitting even that “in the mid term the gold might reach 1.300 dollars while in the long term due to the inflation it might reach his exact historical maxima to the inflation for 2.300 dollars”.
08-09-2009 Reuters
Hedge Cardinal Fund Noster sees the rise of the gold possible to 1.600 dollars
The price of the gold might raise to 1.600 dollars the ounce if the investors choose for lasting values instead of the volatile coins there said the agent Hedge Fund, Pedro de Noronha, associated with Cardinal Noster, basing that the fundamental information is already present.
The annual maximum might point quickly at a value of between 1.200 to 1.400 dollars.
Doing an inflation adjustment, comparing the value of the gold in beginning of the 80s, it is known that the gold would need to be in the status of approximately 1.600 dollars.
The fund Cardinal Noster has a golden exhibition in 50 % (approximately 22.500.000 dollars).
20-07-2009 JuliusBaer
Banco Julius Baer raises projections golden price for inflation
The Swiss bank Julius Baer has raised his projections for the price of the gold in 2009 and 2010, due to major expectations of long-term inflation. The bank predicts that the gold would reach 925 dollars the ounce at the end of 2009, from a projection previous to 875 dollars.
Julius Baer has risen also his dear and it projected that the metal would reach 1.050 dollars the ounce in 2010, from 900 dollars for ounce that it had predicted previously.
Stephan Mueller del Julius Baer Physical Gold Fund said: "The expectations of long-term inflation would move to the rise in significant form once the deflationary threats disappear, also the perspective of the American dollar in the long term is still to the fall”.
22-06-2009 Wirtschaftsblatt
Polleit: "The golden ounce might come to 40.000 Euros
Thorsten Polleit (Cardinal Barclays), honorary teacher of Frankfurt School of Finance and Management and analyst of Ludwig von Mises Institute, has said in an interview to the Austrian economic gazette “Wirtschaftsblatt“ that
“The golden ounce might come to 40.000 Euros. We are approaching to a completely new economic system in which it will not stay not a stone other one remains.”
22-06-2009 Blogs Expansión
The gurus sharpen his knives
Jim Rogers, the co-founder of the fund Quantum along with George Soros and one of the biggest experts of prime matters in the world, thinks that the financial crisis is far from finishing, but that it is possible to extract profit of some assets as the ligatures to the inflation, the agricultural prime matters, the prime matters in general and China. One of the biggest bets of this guru is the gold. Rogers went so far as to make sure that it makes a pair of exercises be calm for the money of his four-year-old daughter, “I have it in a golden fund”.
Another well-known guru, Chris Wood, of the broker CLSA, he made sure last Thursday in a few days of DWS, the agent of Deutsche Bank, that the gold will reach in the future 3.500 dollars for ounce.
08-04-2009 JP Morgan
JPMorgan raises prognosis prices I pray in 2009 and 2010
The American investment bank JPMorgan has raised his prognosis for the price of the gold in 2009 and 2010, arguing the perspectives for the inflation and the weakness of the dollar like the support factors for the precious metal. JPMorgan raised his forecast for the price of the gold in 2009 to 960 dollars the ounce from 831 dear dollars previously, and his forecast for 2010 located to 950 dollars the ounce from 825 dollars.
“The investment demand keeps on acting like a counterweight, in some grade, for a very weak physical market in the precious metals, and in the gold in particular. The inflation and/or the weakness of the dollar has to materialize to justify a gold over 1.000 dollars. Meanwhile, the threat of these factors will give support at the prices.”
15-03-2009 the Country
To the gold him the fear feels good
The gold, like the Stock Exchange, is half economy and half psychology of masses. And while the world finance is raised in the couch of the madness, to the gold he will be fine. So that the quotation of the gold is supported or rises, the Stock Exchanges must keep on falling down and the financial suspense has to continue.
Emilio Álvarez, creator of the fund Global Cardinal Vortex Precious Metals Fund:
“The enormous quantity of liquidity that has been injected to the world system will provoke that in 2012 we have hyperinflation.
Consequence?
The gold will be a refuge again and this time might reach 5.000 dollars the ounce”.
13-03-2009 Libertad Digital
The future? High inflation in the USA and the golden ounce in 2.500 dollars
With all the experts centred on the deflation, there begin to arise voices that are alert of future risks.
Pimco, the bigger fund of bonds of the world, warns of strong inflation in the medium-term USA.
The Swiss bank UBS places the golden ounce in 2.500 dollars in 5 years.
11-03-2009 Cotizalia
10 apocalyptic signs that they will indicate when the bags have touched fund
4th. The ounce prayed to 2.000 dollars.
For Tails and Klachkin de MarketWatch this precious metal is a last refuge to which the investors come when the panic takes possession of them. A spectacular increase of the prices would indicate that the moment to buy has come. “I am not sure if the ounce would like to live in a world where the gold costs 2.000 dollars. It would mean that something is really wrong.”
23-02-2009 gold and Finance
“If a stage was happening as in the 70, the gold might go away to 6.000 dollars for ounce”
The increase of the price of the gold confirms that it is in the first phases of his upward spiral. It is the affirmation that they realize from the portal OroyFinanzas.
21-01-2009 Morgan Stanley/UBS
Morgan Stanley and UBS raise forecasts for the value of the gold
Morgan Stanley and UBS raised his forecasts for the value of the gold, since they think that there will be a demand of the metal like refuge in the middle of a stormy ambience in the bank sector and of shaded perspectives for the economy.
Morgan Stanley raised his forecast of the price of the gold for 2009 to 900 dollars the ounce from the previous one of 750 dollars, also it raised his prognosis for the gold in 2010 to 1.000 dollars from 825 dollars. “The prices of the gold probably are higher at the end of year in the frame of aggressive monetary stimulus and the fall of the confidence in paper money”.
26-11-2008 CitiFX
CitiFX - Gold might rise to more than 2.000 dollars for ounce
“The price of the gold might climb with the time to more than 2.000 dollars for the increasing offer of money and the biggest probability of inflation. The performance of the long-term gold for us keeps on shining like a bullish market. We keep on believing that it can there turns a percentage movement similar to the seen one on the bullish market of 1976 - 1980, what would suggest a maximum for 2.000 dollars. The economic suspense and the political instability of some nations would increase the condition of refuge of the gold.” CitiFX said in an investigation note.
16-10-2008 ML
Merrill Lynch: "The price of the gold will rise for the depreciation of the money”
David Rosenberg, economist chief of Merrill Lynch, informed that the monetary offer grows to an annual rhythm of 19 % and that it will keep on growing. The money supply excess in many countries of Europe and in the USA will do that the important currencies experience a devaluation and will provoke increases of the price of the gold. These increases are a direct consequence of the problems that will generate the strong imbalances between the offer and the demand. Rosenberg considers to the gold as an attractive vehicle of investment and like an alternative to the devaluation of the currencies.
Also, this analyst foresees a rise in the value of the gold that might overcome 2.000 dollars the ounce.
Updated 22-10-2010 PrecioOro
