http://www.illuminatisilver.comNon - Bank Gold Forecasters predict lower gold prices over the next few Years
Today is Wednesday 11th November 2015 and we are going to briefly discuss gold price predictions for the next few years. This is a follow up to our video produced recently on Silver.
At the time of producing this video gold stands at $1085 AN OZ so let’s look at who are some of the more recent gold predictors;
(1) The ‘think tank’ Capital Economics told the Financial Times this week that gold could drop to $1,050, "consistent with a two-year US Treasury yield of 1 per cent. If rates do increase next month, expectations are for the metal to move towards $1,000 or less.” The Week UK publication added “where gold goes from here is far from clear. Some analysts reckon it could plunge even lower – perhaps down to $800.
(2) Longforecast.com – The Economic Forecast Agency predicts that gold will range between $1191 and $1099 between now and February 2016. Will dip in 2016 to $973, further dip to $930 in 2017, lower again to $775 in 2018, lower still to $767 in 2019 and then begin to rise to $977 in 2020.
(3) FastMarkets Head of Research William Adams said on Bullion Vault today : “With the dollar likely to remain bid until the FOMC meeting in mid-December, the headwinds are likely to remain in place so tests of support and breaches of support seem probable,”
(4) Ken Ticehurst published on gold-eagle.com:” Gold fell heavily last week as forecast. Our long awaited fall to lower lows seems finally to be underway. Contrary to most opinion this fall is not a case of manipulation by dark forces, but is simply a resumption of a long term trend we have been modelling for over a year now.”
(5) The Economic Intelligence Unit produced its gold price forecast up to the end of 2018 where surprisingly it was more bullish than many others quoting that the gold price is expected to vacillate between $1253 - $1347 over the next 2-3 years.
(6) By contrast Hugo Salinas Price, born a Mexican, and is currently President of the Mexican Civic Association Pro Silver, A.C. where for a number of years has worked tirelessly to get Mexico to adopt a silver coin as legal currency, when interviewed by gold-eagle.com this week stated “Gold in 2020: $10,000 to $50,000/oz, or perhaps no price, in paper money. Only by selling something, will you be able to acquire gold or silver. Think Zimbabwe: you act like Zimbabwe, you get your Zimbabwe. Impossible to buy gold using Zimbabwe dollars! Silver in 2020: $600 - $3,000/oz. Count on these sorts of prices, if war breaks out between US and Russia/China. Otherwise - who knows?”
Please view our more recent videos:
5 Year Silver Price Forecast – What do the ‘experts’ say?
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https://youtu.be/VrQcNe6C-EMWhy Gold and Silver prices have fallen in early November 2015
https://youtu.be/DMbsYSVohqQWhy Venezuela has been selling its gold? - To Pay it's debts
https://youtu.be/2ZuWPQmAN3sGold, Silver and News update October 2015 - Illuminati Silver
https://youtu.be/yD1G-zaZrhwGold to Trade in the $1,000 - $1280 range over the next 6 months.
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