In our 2010 outlook, most big brokerage houses predicted gold would rise anywhere from 5-30% and finish 2010 in the range of $1150 – $1500. Goldman Sachs 2011 prediction was within 5% of the actual price per ounce of gold which ended 2010 around $1400 USD. To recap the 2010 predictions before we move on to 2011..
Posts Tagged ‘GLD’
February 21st, 2011
2011 Gold Outlook – Will Goldman be right again?
Posted in Bullion News, General News, Hot off the press 
Tags: 2011 forecast, forecast, GLD, goldman sachs, GS, inflation, MS, prediction 
No Comments »May 12th, 2010
Gold continues its bullish run
With the Euro debt crisis not leaving the headlines and volatility gripping the markets, the flight to gold has become even more pronounced over the last week. GLD pushed through technical resistance at the previous 52 week high around $120 earlier this week and hit a high of $122.24 today. If the volatility continues, [...]
March 4th, 2010
Shifting perceptions of gold as a safe haven
As interest rates pertaining to the currencies of the world’s largest economic zones have reached almost zero, the status of gold as a refuge when the global economy is in turmoil is beginning to change in the mind of many investors. It is now seen by some as a more risky investment to be considered in the same category as other commodities. Nevertheless there is no broad consensus which is making future price moves harder to predict.
