$3,000 Gold Price Forecast from Merrill Lynch/BOA

So, what if we don't hit 2100 by years end 3,000 gold is not feasible. That doesn't look like it's going to make it. that bullet it point is wrong. 2400 not going to happen. Barron it better hurry 11 days. I am pulling for you but have less hope.

 

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$2,050 about and holding. That's not bad.

Anybody see any commentary about that spike up to $2,150 ?

 

Oppenheimer's 2024 market forecast includes a $2,500 price target for the yellow metal.

 

Waiting for Barbie's take on the issue...

 

Says something about the populace when he is vilified by those who put him up to it, and she is glorified.

 

Here's the chart.....

 

I think that’s very realistic, and allot people
are saying that trying to position my self
by buying extra bullion in the cycle.

 

JP Morgan's Commodities Strategist Natasha Kaneva, in BARRON'S a few issues back, is looking for $2,300 for gold in 2024 and $30 silver.

 

That’s a pretty decent forecast. my broker
is telling me the same, going to double down this month already bought a 2001 W
AGE proof so going to double down this month with either a saint or a buffalo my
goal is 30 OZ this year with BTC moving in
a very positive direction the forecast is good

 

finally??
banks, etc were forecasting this well over 10 years ago ....
here's a historical google search result

 

I remember 2011 very clearly. At least parts of it, including the gold and silver fever.

 

Mostly marketing BS.

Very few of their forecasters actually believed those numbers. If they're wrong, nobody remembers....if they are right, they're geniuses.

 

Yup, just like continuous, non-stop various forecasters saying the stock market is going to crash. That's never ending too ...

 

Or like the stock market itself, which has correctly predicted eleven of the last five recessions.

 

But that's predictive behavior from something that may or may not be correlated CORRECTLY to the economy...and even if it is, is also influenced by OTHER variables.

That's why asking the stock market to accurately predict recessions is unfair.

 

Sometimes it’s better to flip a coin as long as it’s made out of GOLD…LOL

 

I've also heard the quote with "economists" instead of "the market".

 

We continue to hold nicely over $2,000....that wasn't the case in 2020, 2022, and 2023 where we gave it up pretty quickly. We traded above that level for a few weeks each time and then faded.

This time, we're holding longer.

It's ONE big basing period. In 2020, we had a 50% rise in under a year. No way we could hold that big a move absent some geopolitical crisis or rising and persistent inflation.

Get your double eagles while they are $2,000 - $2,500 because that beats paying $3,500 and up.

 

The premiums are way down from a few years ago too.
I bought some ASE for a $6.40 premium. Back in Oct 2022 spot was $ 20.38 / selling price was $38.07 ASE ( which is a premium of 19.69)

bought some fractional AGEs too. Not as cheap as it was 5 years ago, but it's long term estate stuff now.

 

So $6 on a $22 silver price ? Still seems rich....I thought the premium used to be ~$2 when silver was $18-$30 going back a few years ?

That Oct 2022 premium is just obscene. $6 is very rich but tolerable. With a 75% premium, you need the metal to double before you are in the black.