LBMA 2013 Gold and Silver Forecast

The London Bullion Market Association (LBMA) has published its 2013 forecast, with contributors predicting an average gold price of $1,753 for the year and an average silver price of $33.21.  Bloomberg‘s report on the forecast notes that the mean response of the 23 gold participants has gold gaining as much as 14% during the year and reaching a high of $1,914.  The 21 silver forecasters see silver gaining up to 29% to reach $39.75.

News & Views

Bloomberg:  Gold futures drop as China’s inflation jumps to seven-month high; China may increase gold holdings in reserves, researcher says

Reuters:  Tokyo gold hits record high; new stimulus may revive buying

MarketWatch:  Gold and silver settle lower for the day, up for the week; Gold bulls come out of hiding

KWN:  Ben Davies – Gold is now set up for a vertical price explosion; John Hathaway – 11 more key gold charts & the big picture

The Daily Gold/CNBC:  2013 gold & silver outlook; Disconnect between gold & miners

Mineweb:  Indian gold imports surge amid fears of further duty hikes; High gold prices push India’s farmers toward silver

SilverSeek:  Real silver highs; Silver investing in the age of sentiment & fiat currencies

World Gold Council:  Demand for gold predicted to rise in global transition to multi-currency reserve system

Zero Hedge/GoldSeek:  Jim Grant exposes “The bureau of money materialization” and a submerging America; The great precious metals bull cycle & the money supply

Reuters/Bloomberg:  Fed hawks worry about threat of inflation; Fed’s Plosser says stimulus may backfire, fuel inflation

MarketWatch:  Got a Monet or gold bar? – More wealthy borrowers are using high-value assets to finance homes

Mineweb:  Public U.S. gold audit petition hits White House Web site

Mike Krieger/Zero Hedge:  Is gold and silver registration coming to Illinois?; Rick Santelli’s take

This entry was posted on Saturday, January 12th, 2013 at 12:13 am and is filed under CFTC, China, Federal Reserve, General Economy, Gold, India, Monetary Policy, Short Sellers, Silver, Wall Street. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.


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