Check out these gold and silver price forecasts by analysts and traders. Do you agree that 2015 will be relatively flat for metals and 2016 will see a slight uptrend? [youtube]http://www.youtube.com/watch?v=8rCF3R4ZC8Y[/youtube] Source: www.DailySilverUpdate.com
Those LBMA forecasts seem extremely reasonable. I enjoyed their rationale at the bottom of the article.
Daily Silver Stacker, Thanks so much for posting this. I have not followed this annual projection, but it looks like the averages have been pretty close in the past. With this information, I am going to lower my never buy above $18 to never buy above $17 for 2015 (rare poured bars not included).
Yep, in the end, those Analysts & Traders & Whoever just need us all to make their forecast true. I don't even bother reading them. Instead, I look at what they do themselves. Their positions. Often that's more accurate. And based on that, my 'never above', on the shorter term though, is atm $14. Note the 'atm'. If I see reason to change, I do so. But, on the longer term, considering the high silver sales and thus big silver stockpile built up the past decade, I don't think hurry is needed.
That only works if you are using USD Fiat to buy, It's quite possible the Euro could loose another 10%. I thought you were in the EU?
Thanks for posting this I didn't know the lbma forecast was out yet, they're forecasts are quite accurate. The predictions aren't scary if you factor in that we will probably be buying/selling it with an week AUD. If gold gets cut by 100 or goes to 1211, because of a strong USD then lets say the AUD goes to 0.75 that means we will get 1614 AUD for an ounce. http://www.lbma.org.uk/assets/Forecast 2015_FINAL LINKED.pdf
Most real analysts cannot predict prices next week never mind in 2016. What a joke. Did the LBMA or Reuters predict the 2000 collapse or the 2008 bust ? don't think so. Did Reuters or the LBMA predict the 2011 top in silver or the collapse of the Euro (oops sorry that is next month). Please ignore these predictions they are meaningless !!
