Best of the Week
Most Popular
1.Election Forecast 2015 - Opinion Polls Trending Towards Conservative Outright Win - Nadeem_Walayat
2.UK Solar Eclipse - End Time Sign, Judgement Day, Doomsday! - Nadeem_Walayat
3.Gold And Silver - When Will Precious Metals Rally? Not In 2015 - Michael_Noonan
4.Preparing for the Next Stocks Bear Market - Forecast 2015-2016 - Gary_Savage
5.Is a Stock Market Crash Imminent? - David Eifrig
6.Gold Price Slumps as US Dollar Soars, What's Next? - Nadeem_Walayat
7.US Dollar Forex Pairs and Gold Chartology - Rambus_Chartology
8.Election Forecast 2015: The Day Labour Lost the General Election - Nadeem_Walayat
9.The ECB Should End QE Next Month - EconMatters
10.Silver Price Poised to Surge - Zeal_LLC
Last 5 days
Brazil Economy Victim of Vulgar Keynesianism - 27th Mar 15
Gold to Fuel Silver Price Upleg - 27th Mar 15
Gold and Silver Stocks Will Rise Again! - 27th Mar 15
Risk of ‘World War’ between NATO and Russia on Ukraine as Yemen Bombed - 27th Mar 15
FOMC Minutes Turned The Gold Tide - 27th Mar 15
Sheffield Hallam Election Battle 2015 - Lib Dems Go to War Whilst Labour Sleeps - 27th Mar 15
Gold Effect On Mining & Shale Wasteland - 27th Mar 15
How Stock Investors Should Play the 2016 Presidential Race - 26th Mar 15
MidEast Energy Alert: Why the Crisis in Yemen Could Get Ugly Very Fast - 26th Mar 15
Stock Market Downward Spiral of Dumbness - 26th Mar 15
The Monetary Approach Reigns Supreme - 26th Mar 15
Stock Market Large Gap Down, Despite the Algos' Push Back - 26th Mar 15
Crude Oil Surges, Gold price Spikes as Middle East Tensions Escalate - 26th Mar 15
The U.S. Housing Market Recovery Is Fabricated Optimism - 26th Mar 15
Why Yemen Is The Next Saudi-Iranian Battleground - 26th Mar 15
The Crude Oil Price Crash and China Economic Slow Down - 26th Mar 15
Global Financial Markets Are More Distorted Than Ever Before - 26th Mar 15
One More Stock Market Rally and Then a Huge Drop Expected - 26th Mar 15
Danger Will Robinson - Stock Market Crash Warning - 25th Mar 15
Learn the Basics of Corrective Elliott Waves - 25th Mar 15
Why CNBC Is Hazardous to Your Financial Health! - 25th Mar 15
Will Your Retirement Accounts Survive The Coming Tax Code "Revolution"? - 25th Mar 15
US Dollar - Americas Phoenix - 25th Mar 15
California’s Epic Drought: Only One Year of Water Left! - 25th Mar 15
What’s Wrong With Silver? - 25th Mar 15
SPX Futures Appear Weak. WTIC and Gold May Be at Max Retracement - 25th Mar 15
We’re at the Dawn of a “New Energy Age” - 25th Mar 15
A Very Weak U.S. Economic Recovery - 25th Mar 15
Zero UK CPI Inflation Rate Prompts Deflation Danger Propaganda For Fresh Money Printing - 25th Mar 15
Stock Market NYSE Hi-Lo Index Aggressive Sell Signal - 24th Mar 15
Palladium Commodity Price Forecast - 24th Mar 15
Bitcoin Price Gearing Up for a Fall - 24th Mar 15
Safety Deposit Boxes In UK Being Closed By ‏HSBC – Not Closing Gold Vaults - 24th Mar 15
Japan Short Term Gains And Long Term Disaster - 24th Mar 15
China's Fragile Evolution - 24th Mar 15
David Cameron Announces Resignation Even Before Being Re-elected, Handing Labour 6 Seats - 24th Mar 15
City of London's Ownership of American Colonies - 24th Mar 15
Stock Market Reversal May Have Begun - 24th Mar 15
Casey Gathers Top Gold Experts to Share Secrets for Making Money in Any Market - 24th Mar 15
Thoughts on The Current Crude Oil Market - 24th Mar 15
U.S. Economy Still on Life Support - What Your Governments Hiding From You... - 24th Mar 15
UK Election Forecast 2015 - Budget Bribes Fail, SNP Insurgency Catastrophe - Video - 24th Mar 15
Is Stock Market Minor Top Taking Hold? - 23rd Mar 15
Greece and EU Running Out of Time as Bank Runs Intensify - 23rd Mar 15
Stock Market Slightly Negative Expectations Following Last Week's Rally - 23rd Mar 15
This Rising Interest Rates Play Could Make You a Quick 55% - 23rd Mar 15
Platinum Commodity Price False Break Low - 23rd Mar 15
The Real Reason The American Dream is Unraveling - 23rd Mar 15
Election Forecast 2015 - Budget Bribes Fail to Impress Voters, Tory's Lose Seats in Opinion Polls - 23rd Mar 15
Silver Price Reliance During U.S. Dollar Rally - 23rd Mar 15
Gold Price Outlook Dramatic Improvement Following US Dollar Topping Action - 23rd Mar 15
Wall Street Doesn't Want You to Do This - 22nd Mar 15
The "Natural Interest Rate" Is Always Positive and Cannot Be Negative - 22nd Mar 15
Exploring The Gold Market: The Fed, The Charts. The COTS and GLD - 22nd Mar 15
Stocks Bull Market Continues - 22nd Mar 15
Gold And Silver - China's AIIB Spells U.s. Dollar Demise, Not Clear For Precious Metals - 22nd Mar 15
Cocoa Commodity Price Technical Outlook - 21st Mar 15
Yield Curve, Futures, Suggest No U.S. Interest Rate Hike Until December - 21st Mar 15
Three Iconic Stocks Are Poised for a Dive - 21st Mar 15
We're All Hedge Funds Now! - 21st Mar 15
Why Stock Market Seasonality May Be Critical in 2015 - 20th Mar 15
Yellen's Tiger Riding Dilemma Keeps Interest Rates Near Zero - 20th Mar 15
FOMC is boxed in, Gold and Silver - 20th Mar 15
Silver Price Poised to Surge - 20th Mar 15
Why Aren’t These Investors Worried About The Gold Price? - 20th Mar 15
Gold Price Downside $850/oz; Upside Jump to $2,000/oz on ‘Grexit’ - 20th Mar 15
Cheap Paper Money - Precious Metals Technical Outlook - 20th Mar 15
Best Cash ISA vs Budget 2015 Scrapping Tax on Savings Interest on First £1,000 - 20th Mar 15
GDXJ / Gold Ratio - 20th Mar 15
What the “Yellen Effect” Ultimately Means for Crude Oil - 20th Mar 15
Sharp Fall In USD Index And Its Implications - 20th Mar 15

Free Instant Analysis

Free Instant Technical Analysis


Market Oracle FREE Newsletter

US Economy Still on Life Support

72 Analysts Believe Gold Will Go Parabolic To Between $2,500 and $15,000!

Commodities / Gold and Silver 2010 Jul 19, 2010 - 01:34 PM GMT

By: Lorimer_Wilson

Commodities

Diamond Rated - Best Financial Markets Analysis ArticleBelieve it or not but I have identified 72 economists, academics, gold analysts and market commentators who have developed sound rationale as to why gold could quite possibly go to a parabolic top of at least $2,500 an ounce to even as much as an unimaginable $15,000 before the bubble finally pops!


When I first began writing about such projections (http://www.munknee.com/..) I was satisfied with identifying 10 individuals who were of the opinion that gold would attain a peak greater than $2,500. That list has grown to 72 (see below) of which 44 believe that $5,000 or more for gold is likely. I encourage you to check out their articles and their rationale for such high gold prices in the years (and in some cases just months) to come.

 

Please note: If, in checking out the list below, you find a name or two missing I would appreciate you sending me his/her name and the URL of the article in which the individual states his/her case so I can have the most comprehensive list available on the internet. 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. I will provide an updated list at a later date if warranted. Send email to editor@munknee.com.

Higher than $10,000

1. Mike Maloney: $15,000;

http://goldbasics.blogspot.com/2009/09/gold-should-reach-15000-oz-mike-maloney.html

http://goldsilver.com/news/newsID/8538/tPath/2/

2. Howard Katz: $14,000;

http://www.24hgold.com/english/contributor.aspx?contributor=Howard+S.+Katz&article=2241359014G10020&redirect=False

3. Silver-Coin-Investor.com: $7,000-$14,000;

http://www.silver-coin-investor.com/gold-and-silver.html

4. Jim Rickards: $4,000 – $11,000;

http://www.cnbc.com/id/34038650/Gold_s_Money_Value_is_4_000_to_11_000_Market_Strategist

5. Roland Watson: $10,800 (in our lifetime);

http://www.gold-eagle.com/editorials_05watson081605.html

$5,001 – $10,000

1. Bob Kirtley: $10,000 (by 2011);

http://www.goldeditor.com/wp-content/uploads/editorpdfsimages/Gold-Prices-at-10-000.pdf

2. Arnold Bock: $10,000 (by 2012);

http://www.munknee.com/2010/06/gold-going-to-parabolic-top-of-10000-by-2012-%e2%80%93-for-good-reasons/

3. Porter Stansberry: $10,000 (by 2012);

http://www.kitco.com/ind/stansberry/dec022009.html

4. Tom Fischer: $10,000;

http://gold.approximity.com/gold_price_models_sinclair.html

5. Shayne McGuire: $10,000;

http://www.safehaven.com/article/9572/shayne-mcguire-the-early-innings-of-a-gold-boom

6. Eric Hommelberg: $10,000;

http://www.gold-speculator.com/eric-hommelberg/17257-golds-inflation-adjusted-high-reaches-8000-a.html

7. Gerald Celente: $6,000 – $10,000;

http://www.trendsresearch.com/forecast.html

8. Peter Schiff: $5,000 – $10,000 (in 5 to 10 years);

http://www.businessweek.com/magazine/content/10_23/b4181044623002.htm

http://www.commodityonline.com/news/Gold-forecast-Jim-Rogers-Peter-Schiff-or-Roubini-23940-3-1.html

9. Egon von Greyerz: $5,000 – $10,000;

http://www.munknee.com/2010/06/why-many-analysts-see-gold-going-as-high-as-10000/

10. Patrick Kerr: $5,000 – $10,000 (by 2011);

http://www.marketwatch.com/story//a-reality-check-for-investors-mulling-sale-of-gold-2009-11-20

11. Peter Millar: $5,000 – $10,000;

http://www.gata.org/files/PeterMillarGoldNoteMay06.pdf

12. Alf Field: $4,250 – $10,000;

http://www.24hgold.com/english/news-gold-silver-gold-price-objective.aspx?contributor=Alf+Field&article=1440499960G10020&redirect=False

http://www.gold-speculator.com/alf-field/7413-elliot-wave-gold-update-23-a.html

http://jsmineset.com/2009/05/10/alf-field%E2%80%99s-gold-price-predictions/

13. Peter George: $3,500 (by 2011-13); $10,000 (by 2015);

http://news.goldseek.com/GoldSeek/1129126809.php

14. Jeff Nielson: $3,000 – $10,000;

http://www.bullionbullscanada.com/index.php?option=com_content&view=article&id=12906:the-real-truth-about-the-imfs-gold-sale&catid=48:gold-commentary&Itemid=131

15. Dennis van Ek: $9,000 (by 2015);

http://goldnews.bullionvault.com/Goldbug/gold_price/gold_prices_could_hit_9000_per_oz_by_2015_18898034

16. James Turk: $8,000 (by 2015);

http://www.munknee.com/2010/06/where-gold-and-silver-will-be-by-2015/

17. Joseph Russo: $7,000 – $8,000;

http://www.financialsense.com/fsu/editorials/russo/2007/0416.html

18. David Petch; $6,000 – $$8,000;

http://www.gold-eagle.com/editorials_05/petch040105.html

19. Michael Rozeff: $2,865 – $7,151;

http://www.marketoracle.co.uk/Article14168.html

http://www.lewrockwell.com/rozeff/rozeff16.html

20. Martin Murenbeeld: $3,100 – $7,000;

http://www.dundeeprecious.com/Theme/Dundee/files/The%20Gold%20Price%20Outlook%20through%202010-%20website.pdf

21. Dylan Grice: $6,300;

http://www.abnnewswire.net/press/en/63123/Barry_Dawes_Projects_Gold_To_Reach_5000oz_At_The_Resources_Investment_Expo_In_Brisbane.htm

22. Aubie Baltin: $6,000 (by 2017);

http://www.24hgold.com/english/contributor.aspx?rss=true&article=2158395926G10020&redirect=false&contributor=Aubie+Baltin

23. Murray Sabrin: $6,153;

http://www.kitco.com/ind/Sabrin/may262009.html

24. Harry Schultz: $6,000;

http://www.moneynews.com/StreetTalk/harry-shultz-deflation-hyperinflation/2010/06/11/id/361725?s=al&promo_code=A0D6-1

25. Paul van Edeen: $6,000;

http://paulvaneeden/Dr.murenbeelds.gold.price.forecast.for.the.coming.year

26. Lawrence Hunt: $5,000 - $6,000 (by 2019);

http://laurencehunt.blogspot.com/2010/06/gold-invisible-bull-market.html

27. Paul Brodsky/Lee Quaintance: $3,000 – $6,000;

http://www.gold-eage.com/editorials_08/brodsky121208pv.html

http://gata.org/files/QBAssetManagement-07-2009.pdf

$5,000

1. David Rosenberg: $5,000;

http://www.zerohedge.com/article/rosenberg-pattern-would-suggest-test-5000-dow-same-time-gold-5000-too

http://www.investmentpostcards.com/2010/05/16/3000-gold-price-may-yet-prove-conservative-says-rosie/

2. Martin Hutchinson: $5,000 (by end of 2010);

http://www.prudentbear.com/index.php/thebearslairview?art_id=10309

http://www.nytimes.com/2010/05/14/business/economy/14views.html

3. Doug Casey: $5,000;

http://pragcap.com/is-gold-going-to-5000

4. Peter Cooper: $5,000;

http://www.arabianmoney.net/gold-silver/2010/05/12/5000-an-ounce-in-sight-as-gold-its-new-all-time-high/

5. Robert McEwen: $5,000;

http://www.bloomberg.com/apps/news?pid=20601082&sid=ajm6lryLYViQ

6. Martin Armstrong: $5,000 (by 2016);

http://www.businessinsider.com/martin-armstrong-gold-headed-to-5000-and-beyond-2009-16

7. Peter Krauth: $5,000;

http://moneymorning.com/2010/01/14/gold-superspike

8. Tim Iacono: $5,000 (by 2017);

http://seekingalpha.com/article/174088-faber-gold-a-better-buy-than-at-300-oz?source=hp

9. Christopher Wyke: $5,000;

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aF1439PVhAgk

10. Frank Barbera: $5,000;

http://www.theaureport.com/pub/na/1575

11. John Lee: $5,000;

http://goldnews.bullionvault.com/gold_dollar_fiat_currency_fed_confidence_030320082

12. Barry Dawes: $5,000;

http://www.abnnewswire.net/press/en/63123/Barry_Dawes_Projects_Gold_To_Reach_5000oz_At_The_Resources_Investment_Expo_In_Brisbane.html

$2,500 – $5,000

1. Pierre Lassonde: $4,000 – $5,000;

http://www.commodityonline.com/news/Panic-effect-could-push-Gold-to-$4000-or-$5000-11770-3-1.html

2. Mary Anne and Pamela Aden: $3,000 – $5,000 (by February 2012);

http://www.adenforecast.com/articlesInterviewDetail.php?id_publicacion=19

3. Bob Chapman: $3,000 (by 2011);

http://bobchapman.blogspot.com/2010/05/gold-will-go-to-75-and-gold-to-3000.html

4. Larry Edelson: $2300 – $5,000 (by 2012);

http://www.uncommonwisdomdaily.com/two-mandatory-investments-9648?FIELD9=1

5. Luke Burgess: $2,000- – $5,000;

http://www.wealthdaily.com/articles/gold-etfs/2409

6. Ian Gordon/Christopher Funston; $4,000;

http://www.munknee.com/2010/06/the-long-wave-cycle-of-winter-is-coming/

7. D.P. Baker: $3,000 – $3750;

http://www.stockhouse.com/Columnists/2010/Jun/8/Gold-s-next-move-could-be-parabolic

http://news.goldseek.com/GoldSeek/1272548046.php

8. Christopher Wood: $3,500 (in 2010);

http://www.bi-me.com/main.php?id=32459&t=1&c=62&cg=4&mset=1011

9. Adam Hamilton: $3,500 (by 2010-11);

http://www.commodityonline.com/futures-trading/technical/Gold-price-to-hit-$3500-by-201011-13620.html

10. Eric Roseman: $2,500 – $3,500 (by 2015);

http://worldcurrencywatch.com/2010/04/08/the-still-unpaid-price-of-the-global-bailout/

11. John Henderson: $3,000+ (by 2015-17);

http://seekingalpha.com/article/160592-gold-1200-by-year-end-1500-in-2010-3000-by-2015-2017

12. Hans Goetti: $3,000;

http://www.cnbc.com/id/15840232/?video=1043867279&play=1

13. Michael Yorba: $3,000;

http://yorbatv.ning.com/forum/topic/show?id=2014856%3ATopic%3A9698

14. David Tice: $3,000 (by 2012);

http://www.cnbc.com/id/34240489

15. David Urban; $3,000;

http://seekingalpha.com/article/36315-why-i-believe-gold-will-hit-3000-oz

16. Michael Lambert: $3,000;

http://mitchell-langbert.blogspot.com/2010/06/is-ride-to-3000-gold-going-to-hit-air.html

17. Brett Arends: $3,000;

http://online.wsj.com/article/SB10001424052748704792104575264863069565780.html

18. Ambrose Evans-Pritchard: $3,000;

http://www.moneynews.com/StreetTalk/evans-pritchard-gold-price/2010/05/26/id/360175

19. Trader Mark: $3,000 (by mid-2011);

http://www.ibtimes.com/articles/25200/20100526/if-gold-gld-tracks-nasdaq-housing-peaks-its-headed-to-3000-in-18-months.htm

20. John Williams: $3,000;

http://www.telegraph.co.uk/finance/personalfinance/investing/gold/4967209/Gold-Inflation-will-beat-deflation-and-gold-will-hit-3000.html

21. Byron King: $3,000;

http://whiskeyandgunpowder.com/gold-is-going-to-3000-get-some-physical-gold/

22. ThumbCharts.com: $3,000;

http://www.thumbcharts.com/1300/gold-at-3000-only-if-bubbles-repeat

23. Ian McAvity: $2,500 – $3,000 (by 2012);

http://www.mineweb.co.za/mineweb/view/mineweb/en/page33?oid=106419&sn=Detail&pid=102055

24. Jeff Nichols: $2,000 – $3,000;

http://www.mineweb.com/mineweb/view/mineweb/en/page34?oid=99961&sn=Detail&pid=1

25. Graham French: $2,000 – $3,000;

http://www.telegraph.co.uk/finance/personalfinance/investing/gold/7743787/Gold-bulls-claim-price-could-double-to-3000-in-five-years.html

26. Sascha Opel: $2,500+;

http://www.mineweb.com/mineweb/view/mineweb/en/page33?oid=79363&sn=Detail

27. Rick Rule: $2,500 (by 2013);

http://www.mineweb.com/mineweb/view/mineweb/en/page33?oid=107168&sn=Detail&pid=102

28. Daniel Brebner: $2,500;

http://www.midasletter.com/news/09031105_UBS-bullish-on-gold-price-nearing-2500-dollars.php

Conclusion
There you have it. Who would have believed that so many distinguished analysts would maintain that gold and by implication, silver,  (see my article http://www.munknee.com/..for details) 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. I have identified 72 analysts with such views and look forward to your assistance in adding to that number.

If we are to put any credence whatsoever into the rationale presented by the above analysts then it seems prudent for us to own some physical gold and silver in order to shield ourselves from future rampant inflation and currency devaluations and to ensure an outstanding return on our investment. Yes, indeed, “Got Gold?”

Lorimer Wilson is Editor of www.FinancialArticleSummariesToday.com (F.A.S.T.) and www.MunKnee.com (Money, Monnee, Munknee!) and an economic analyst and financial writer. He is also a frequent contributor to this site and can be reached at editor@munknee.com."

© 2010 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.

Lorimer Wilson Archive

© 2005-2015 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Comments

Dave Ashe
22 Jul 10, 18:40
Gold to $22,000 per ounce

I had a vivid dream the other night that it actually went to $22,000 per ounce but there wasn't joy associated with it because you couldn't buy diddly squat with $22,000.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

Free Report - Financial Markets 2014