Gold price forecasts of major banks

Discussion in 'Gold' started by projack, May 29, 2011.

  1. projack

    projack Well-Known Member Silver Stacker

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  2. RhythmDoctor

    RhythmDoctor Active Member

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    Nice bit of info there projack. My gold holding is still back in the UK, so it was nice to see the Barclays forecast... Interesting seeing the NAB outlook, with a $200 lower variance from the apparent norm - wonder why?
     
  3. hiho

    hiho Active Member Silver Stacker

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    play down the gold price so people dont invest in it. Really banks hate gold, wouldnt take any notice of those predictions
     
  4. Roswell Crash Survivor

    Roswell Crash Survivor Well-Known Member Silver Stacker

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    Can't help but notice every bank listed except NAB expects gold remaining above US$1500/oz in 2011 Q2.

    Also sticks out in terms of Tier 1 capital value, NAB isn't worth being listed alongside the likes of JPMorgan.

    Very much inclined to agree with Deutsche Bank - as long as I get to load up on a dip down to US$1300 first. :lol:
     
  5. RhythmDoctor

    RhythmDoctor Active Member

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    Same here... but always cautious of wishful thinking.
     
  6. hyperinflation

    hyperinflation New Member Silver Stacker

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    Banks tend to talk their books. I bet NAB is short gold and DB is long...
     
  7. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    NAB has it going backwards!!!! Bwhahahah! those guys crack me up every time..where's Barbara? :D
     
  8. thehuckler

    thehuckler New Member

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    Lol, $1300...?

    QE3 must be one heavy mother f_cker!
     
  9. The Road Home

    The Road Home Member

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    Could you further explain please.
     
  10. thehuckler

    thehuckler New Member

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    Sarcasm...

    Text does not convey it too well....
     
  11. THUCYDIDES79

    THUCYDIDES79 New Member Silver Stacker

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    NAB is also the only Australian bank in that list.

    Are all the prices in USD ?! Maybe NAB has weighted in the AUD move vs USD and come up with that forecast.

    or some type of Aussie/AUD/mineral resource mating call to the other global banks.
     
  12. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    As the bank with the 3rd highest exposure to the Aussie housing market...their forecast seems more like a prayer.

    They're gunna need a priest and a miracle to pull 'em out the impending....
    [​IMG]
    www.readings.com.au
     

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