Bloomberg: "gold to 1,000 $ in 2015"

[TreasureHunter]

Dont know why TreasureHunter didnt quote Mr Gan from more recently...like mid-Dec...

Prices will average $1,000 in 2015 as the dollar rises, Oversea-Chinese Banking Corp.'s Barnabas Gan said in a Dec. 16 report, citing the outlook for higher U.S. interest rates, tame global inflation and lowoil prices. Gan, an economist at the Singapore-based lender, is the second most-accurate precious metals forecaster in data compiled by Bloomberg.

http://www.bloomberg.com/news/2014-...-recovery-in-15-anz-predicts-citing-asia.html

Mr Gan seems to have altered his (still bearish) prediction on the 23rd of Jan to...

The ECB's stimulus plan along with expectations of higher US interest rates would translate to a firmer dollar this year and weigh on gold, said analyst Gan, who estimates the price of the metal would hit $1,000 by yearend.

http://economictimes.indiatimes.com...ar-gains-on-ecb-move/articleshow/45990854.cms

...because I didn't know those articles. However, thank you very much for sharing

1,000 $ by year's end? And he said that after this ECB-ignited spike. Weird!

Then investors should wait?

 

[sterling-nz]

I too was thinking gold would go to $1000, but if the "pro's" are calling for $1000 then my instinct would now tell me NOT A CHANCE.
For the most part if i am trading i am trading against any thoughts put out to us by the "pro's".
They have been so so very wrong about everything in the past, i am surprised many of them still get air time.
With this said i still have money in my trading accounts ,so i guess the "anti pro's" thing works
With the sole exception of Jim Rogers ,i don't trust anything coming from the mouths of "pro's"