Where do you think the (nominal) price of gold will be at the end of 2012?

Adam Taggart
By Adam Taggart on Mon, Jul 9, 2012 - 11:26am
Above $2,500/oz
3% (4 votes)
Between $2,250-$2,500/oz
2% (3 votes)
Between $2,000-$2,250/oz
21% (29 votes)
Between $1,750-$2,000/oz
42% (58 votes)
Between $1,500-$1,750/oz
22% (31 votes)
Between $1,250-$1,500/oz
7% (10 votes)
Below $1,250/oz
2% (3 votes)
Total votes: 138

We've just passed the middle of the year, so it's time to get your fortune-telling cap on.

Where do you think the price of gold will be on Dec 31, 2012?

We'll revist these results at the end of the year to see how accurate this community's predictive powers are.

5 Comments

Poet's picture
Poet
Status: Diamond Member (Offline)
Joined: Jan 21 2009
Posts: 1844
Gold Behavior

It seems to me that gold behaves in many ways: as an inflation hedge, as a safe haven, and as speculative investment that can be purchased with leverage, as well as a manipulable commodity that can be easily knocked down by the COMEX raising reserve requirements.

Poet

Dogs_In_A_Pile's picture
Dogs_In_A_Pile
Status: Martenson Brigade Member (Offline)
Joined: Jan 4 2009
Posts: 2491
The price will probably

The price will probably be higher or lower than it is today.

The price movements to get there will have been traded accordingly.

GLD is optionable and moves for days.

A. M.'s picture
A. M.
Status: Diamond Member (Offline)
Joined: Oct 22 2008
Posts: 2347
Paper Gold

I don't think it'll change a whole lot until the ETF fiasco and the overselling is revealed.
Most investors are still mired under economic Stockholms syndrome (inadvertant pun), and the controlling agents are doing a fine job of keeping the illusion of equilibrium.

For that reason, I think the end of the year will see gold ~$1800/oz.
Good for us.

Cheers,

Aaron

Adam Taggart's picture
Adam Taggart
Status: Peak Prosperity Co-founder (Offline)
Joined: May 26 2009
Posts: 1883
The people have spoken: $1,750-$2,000/oz by 12/31/12

Our prections are distributed in a near-perfect bell curve, which will offer bragging rights to the outliers on one end if our mean/median forecast of $1,750-$2,000/oz doesn't come true at the end of the year.

We'll resurface this poll at New Year's to see how precise this prediction was.

See you in 6 months!

Spaceman Kermit's picture
Spaceman Kermit
Status: Member (Offline)
Joined: Jun 18 2012
Posts: 7
Technically speaking...
I said "Between $1,250-$1,500/oz", but if you want to be technical, I predict we'll be in the range of $1,350-$1,600 at EOY.  I base this prediction on technical analysis.  Chris Kimble, at Kimble Charting Solutions has a great chart on this.  Don't worry though, we'll likely hit the bottom of this rising support and it'll be off to the races again!

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Login or Register to post comments