Gold Prediction for 2011

[idiotstockinvestor]

Analysts have predicted everything from 1368 per ounce to 1500, so how will things actually turn out?

Gold has hovered between 1400-1422 per ounce ever since the Libyan riots have broke out and the catalyst may have been Egypt.

The question is, is this rebound in gold a continuing trend or something temporary that will reverse once/if Libya stabilizes and other similar events stop?

My theory is that gold should keep climbing, but it may not if the economy improves even though the 2011 economic recovery is quite slow around the world IMHO.

These guys think gold could slip to $1100
http://www.thestreet.com/story/10992...nish-2011.html

Goldman Sachs says gold could hit a top of $1700 by 2012.
http://finance.yahoo.com/news/Gold-P....html?x=0&.v=6

In this article they warned that if Egypt ends happily, gold will trade down or sideways:

http://www.marketwatch.com/story/gol...4?siteid=yhoof

Of course that wasn't the case since Libya happened and it spurred things further.

These guys http://www.ft.com/cms/s/0/13892626-3...44feabdc0.html think that Gold will be good this year because of strong demand in Asia.

This article seems to confirm part of the highs in Gold/Silver have been spurred by Libya: http://www.marketwatch.com/story/gol...1?siteid=yhoof

[idiotstockinvestor]

http://finance.yahoo.com/news/Gold-P....html?x=0&.v=2

This is an interesting article, a lot of firms are predicting different numbers between $1300 and $1600.

I still believe gold in the long-term will do well regardless of the rises and declines in the short-term.

I also believe the recent Middle East crisis played a role in propping Gold back up.

[idiotstockinvestor]

Gold is currently trading at $1563, I believe it will hit at least 1600 and I also bet there will be a correction of some sort in May.

[idiotstockinvestor]

Since I've posted here, there have been corrections and a lot of sideways trades. Gold even hit over $1900 USD which beat my prediction and a lot of others except the hardcore bulls. I'm personally still awaiting a market crash before making any new investments, even in metals or confirmation that there won't be one (but I've been expected one since October 2010 lol so time will tell).

Gold will continue to hit record levels for the next few years I believe, regardless of if the Euro-crisis is supposedly solved (which it can't be) and most industrialized nations will still be in a for a time of negative or near-negative growth, combined with the prospects of increasing political instability.

[idiotstockinvestor]

Gold is currently trading at $1665 and dropped about $51 over the weekend.
This almost seems like a good buying opportunity but I'm still waiting.

[idiotstockinvestor]

Current discussion here: http://forums.idiotstockinvestor.com...estments-167-t

[idiotstockinvestor]

Originally Posted by idiotstockinvestor

Gold is currently trading at $1665 and dropped about $51 over the weekend.
This almost seems like a good buying opportunity but I'm still waiting.

It turns out that during then and now it would have been a bad idea to buy at least for this period of time you would be in the red with gold today at $1252.49 USD/ounce.