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110 Analysts Believe Gold Will Go Parabolic to $3,000 or More!

Commodities / Gold and Silver 2011 Jan 11, 2011 - 01:29 AM GMT

By: Lorimer_Wilson

Commodities

Best Financial Markets Analysis ArticleMore and more economists, analysts and financial writers, 122 in fact, have taken the bold step of projecting the price at which gold will achieve its parabolic peak. Some have adjusted their previous prognostications higher given gold’s strong advance again in 2010 while others have jumped aboard what has become a bandwagon of optimism. The majority (84) maintain that $5,000 or more for gold is possible. 6 individuals have even gone so far as to claim that the parabolic peak will be realized sometime in 2011.


As editor of www.FinancialArticleSummariesToday.com and www.munKNEE.com I have identified the individuals by name below and put them into descending categories of optimism. Those so interested can go here to access and assess the rationale and source of their forecasts. Please note that this complete paragraph, and a link back to the original article, must be included in any article posting or re-posting to avoid copyright infringement.

These 6 Analysts Believe Gold Will Reach Parabolic Peak Sometime in 2011
• 1. Bob Kirtley: $10,000;
• 2. Patrick Kerr: $5,000 – $10,000;
• 3. James Dines: $3,000 – $5,000;
• 4. Taran Marwah: $3,000;
• 5. Bob Chapman: $3,000;
• 6. Jim Sinclair: $1,650 – $5,000 ($1650 by January 14, 2011 OR $3,000-$5,000 by June 2011);

These 6 Analysts See Gold Price Going Parabolic to +$10,000
• 1. Mike Maloney: $15,000;
• 2. Ben Davies: $10,000 – $15,000;
• 3. Howard Katz: $14,000;
• 4. Dr. Jeffrey Lewis: $7,000 – $14,000;
• 5. Jim Rickards: $4,000 – $11,000;
• 6. Roland Watson: $10,800

These 45 Analysts See Gold Price Peaking Between $5,001 and $10,000
• 1. Bob Kirtley: $10,000 (by 2011);
• 2. Arnold Bock: $10,000 (by 2012);
• 3. Porter Stansberry: $10,000 (by 2012);
• 4. Peter George: $10,000 (by Dec. 2015);
• 5. Tom Fischer: $10,000;
• 6. Shayne McGuire: $10,000;
• 7. Eric Hommelberg: $10,000;
• 8. David Petch: $6,000 – $10,000;
• 9. Gerald Celente: $6,000 – $10,000;
• 10. Egon von Greyerz: $6,000 – $10,000;
• 11. Peter Schiff: $5,000 – $10,000 (in 5 to 10 years);
• 12. Patrick Kerr: $5,000 – $10,000 (by 2011);
• 13. Peter Millar: $5,000 – $10,000;
• 14. Roger Wiegand: $5,000 – $10,000;
• 15. Alf Field: $4,250 – $10,000;
• 16. Jeff Nielson: $3,000 – $10,000;
• 17. Dennis van Ek: $9,000 (by 2015);
• 18. Dominic Frisby: $8,500;
• 19. Paul Brodsky: $8,000;
• 20. James Turk: $8,000 (by 2015);
• 21. Joseph Russo: $7,000 – $8,000;
• 22. Michael Rozeff: $2,865 – $7,151;
• 23. Martin Murenbeeld: $3,100 – $7,000;
• 24. Jim Willie: $7,000;
• 25. Dylan Grice: $6,300;
• 26. Chris Mack: $6,241.64 (by 2015);
• 27. Chuck DiFalco: $6,214 (by 2018);
• 28. Jeff Clark: $6,214;
• 29. Aubie Baltin: $6,200 (by 2017);
• 30. Murray Sabrin: $6,153;
• 31. Samuel “Bud” Kress: $6,000 (by 2014);
• 32. Adam Hamilton: $6,000;
• 33. Robert Kientz: $6,000;
• 34. Harry Schultz: $6,000;
• 35. John Bougearel: $6,000;
• 36. David Tice: $5,000 – $6,000;
• 37. Lawrence Hunt: $5,000 – $6,000 (by 2019);
• 38. Taran Marwah: $3,000 – $6,000+ (by Dec. 2011 and Dec. 2012, respectively);
• 39. Martin Hutchinson: $3,100 – $5,700;
• 40. Stephen Leeb: $5,500 (by 2015);
• 41. Louise Yamada: $5,200;
• 42. Jeremy Charlesworth: $5,000+;
• 43. Przemyslaw Radomski: $5,000+;
• 44. Jason Hamlin: $5,000+;
• 45. Greg McCoach: $5,000+ (by 2012)
Cumulative sub-total: 51

These 33 Analysts Believe Gold Price Could Go As High As $5,000
• 1. David Rosenberg: $5,000;
• 2. Doug Casey: $5,000;
• 3. Peter Cooper: $5,000;
• 4. Robert McEwen: $5,000 (by 2012 -2014);
• 5. Martin Armstrong: $5,000 (by 2016);
• 6. Peter Krauth: $5,000;
• 7. Tim Iacono: $5,000 (by 2017);
• 8. Christopher Wyke: $5,000;
• 9. Frank Barbera: $5,000;
• 10. John Lee: $5,000;
• 11. Barry Dawes: $5,000;
• 12. Bob Lenzer: $5,000 (by 2015);
• 13. Steve Betts: $5,000;
• 14. Stewart Thomson: $5,000;
• 15. Charles Morris: $5,000 (by 2015);
• 16. Marvin Clark: $5,000 (by 2015?);
• 17. Eric Sprott: $5,000;
• 18. Bud Conrad: $4,000 – $5,000;
• 19. Paul Mylchreest: $4,000 -$5,000;
• 20. Pierre Lassonde: $4,000 – $5,000;
• 21. Willem Middelkoop: $4,000 – $5,000;
• 22. Mary Anne and Pamela Aden: $3,000 – $5,000 (by February 2012);
• 23. James Dines: $3,000 – $5,000 (by June 2011);
• 24. Goldrunner: $3,000 – $5,000 (by 2012);
• 25. Bill Murphy: $3,000 – $5,000;
• 26. Bill Bonner: $3,000 – $5,000;
• 27. Peter Degraaf; $2,500 – $5,000;
• 28. Eric Janszen: $2,500 – $5,000;
• 29. Larry Jeddeloh: $2,300 – $5,000 (by 2013);
• 30. Larry Edelson: $2,300 – $5,000 (by 2015);
• 31. Luke Burgess: $2,000 – $5,000;
• 32. Jim Sinclair: $1,650 – $5,000 ($1650 by January 14, 2011 OR $3,000-$5,000 by June 2011);
• 33. Marc Faber: $1,500 – $5,000
Cumulative sub-total: 84

These 26 Analysts Believe Gold Will Achieve a Parabolic Peak Price Between $3,000 and $4,999
• 1. David Moenning: $4,525;
• 2. Mike Knowles: $4,000;
• 3. Ian Gordon/Christopher Funston: $4,000;
• 4. Jay Taylor: $3,000 – $4,000;
• 5. Christian Barnard: $2,500 -$4,000;
• 6. John Paulson: $2,400 – $4,000 (by 2012);
• 7. Myles Zyblock: $3,800;
• 8. Eric Roseman: $3,500+;
• 9. Christopher Wood: $3,360;
• 10. Franklin Sanders: $3,130;
• 11. John Henderson: $3,000+ (by 2015-17);
• 12. Michael Berry: $3,000+; (by 2015)
• 13. Hans Goetti: $3,000;
• 14. Michael Yorba: $3,000;
• 15. David Urban: $3,000;
• 16. Mitchell Langbert: $3,000;
• 17. Brett Arends: $3,000;
• 18. Ambrose Evans-Pritchard: $3,000;
• 19. John Williams: $3,000;
• 20. Byron King: $3,000;
• 21. Bob Chapman: $3,000 (by 2011);
• 22. Ron Paul: $3,000 (by 2020);
• 23. Chris Weber: $3,000 (by 2020);
• 24. Mark Leibovit: $3,000;
• 25. Mark O’Byrne: $3,000;
• 26. Kevin Kerr: $3,000
Cumulative sub-total: 110

These 12 Analysts Believe Gold Will Go to Between $2,500 and $3,000
• 1. Ian McAvity: $2,500 – $3,000 (by 2012);
• 2. Jeffrey Nichols: $2,000 – $3,000;
• 3. Graham French: $2,000 – $3,000;
• 4. Bank of America Merrill Lynch: $2,000 – $3,000;
• 5. Joe Foster: $2,000 – $3,000 (by 2019);
• 6. David Morgan: $2,900;
• 7. Sascha Opel: $2,500+;
• 8. Rick Rule: $2,500 (by 2013);
• 9. Daniel Brebner: $2,500;
• 10. James DiGeorgia: $2,500;
• 11. Peter Hambro: $2,500 (by 2012);
• 12. Charles Nenner: $2,500 (by 2012 – 2013)
Grand Total: 122

Conclusion
There you have it. Who would have believed that so many distinguished analysts would maintain that gold, and by implication, silver, are likely to achieve such lofty levels as a result of the effects of our current financially troubled and volatile times? Their rationale is varied but each is sound in its own right.

Given the above price projections I think those who have yet to hop on the gold bandwagon should do so now and ride it home with substantial returns.

Yes, indeed, “Got Gold?”
Please note: If you believe you have found a name or two missing from the above list of prognosticators I would appreciate you sending me (editor@munKNEE.com) his/her name and the URL of the article in which the individual states his/her case so I can keep this article updated with the most comprehensive list available. To be included in the list only projections of gold achieving a parabolic top of at least $2,500 per ounce, accompanied by sound reasons, will be considered.
*http://www.munknee.com/2011/01/update-these-110-analysts-believe-gold-will-go-parabolic-to-3000-or-more/
Editor’s Note: Don’t forget to sign up for our FREE weekly “Top 100 Stock Market, Asset Ratio & Economic Indicators in Review“

© 2011 Copyright Lorimer Wilson- All Rights Reserved

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Comments

Lawrie
11 Jan 11, 06:17
Prediction sure ... but what about their position?

It would be more interesting to know if they are putting their money where their mouth is!


Hans
22 Jan 11, 13:13
Gold

With so many bulls and so less bears! It´s a fact that the price for gold and silver can not go up to the heaven.

The sentiment in consumer convidence is very bullish that is

an incredible sign of a market top.


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