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.