| Martin Murenbeeld, Dundee capital Markets’ chief economist has been one of the more prescient gold price forecasters, although was caught out badly by last year’s big gold price fall – as was virtually every other analyst making their predictions early in the year when he was looking for a plus $1600 gold price!
He always predicts three possible scenarios – Worst Case, Median and Best Case and under these three his latest analysis comes up with a gold price average for 2014 of $1182, $1307 and $1409 with a weighted average of $1311. He looks for a year end price of $1367 as his weighted average, with Worst, Median and Best as $1105, $1350 and $1575...............................................Full Article: Source |