At last check, spot gold was trading 1.5% higher at $1,568.50 an ounce. Ole Hansen, Saxo Bank senior manager told Reuters that we need to see the hot money from speculators and the real money from the money managers coming back to the market. Hansen said that speculators and money managers have been absent throughout December. Gold futures for delivery in February are currently trading 1.9% higher at $1,570 an ounce. Morgan Stanley believes gold will average $1,511 per ounce.
The bank has raised its average target price for gold this year, and the next five years. For the current year,
Gold target price for 2012, 2013, 2014, 2015, 2016
•$1,624 in 2012
•$1,550 in 2013
•$1,450 in 2014
•$1,300 in 2015
•$1,150 in 2016
Morgan Stanley. New average price targets were also released for silver 2012, 2013, 2014, 2015
•$36.21 in 2011
•$36.90 in 2012
•$32.98 in 2013
•$29.00 in 2014
•$25.00 in 2015
•$20.91 in 2016
Do these targets look unreasonable? Check out our Gold & Silver Investment Newsletter. Although the target prices of gold decline after 2012,
Although gold and silver are already above $1600 and $40, Morgan Stanley is forecasting lower prices in the coming years. Perhaps they are more optimistic on the U.S. Dollar and debt ceiling fiasco?
how high gold silver target price your Forcasting ?
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