Morgan Stanley to Goldman Cut Gold Forecasts on Fed Outlook
25 June 2013
, by Glenys Sim (Bloomberg)

Excerpt:

Morgan Stanley cut its 2013 target to $1,409 an ounce from $1,487, reduced its prediction for 2014 to $1,313 from $1,563, and trimmed its 2015 estimate to $1,300 from $1,450.

The bank also lowered its gold and silver forecasts through 2018, analysts Peter Richardson and Joel Crane wrote in a report.

Goldman cut its 2013 year-end price target to $1,300 from $1,435 and lowered the 2014 prediction to $1,050 from $1,270.

HSBC yesterday reduced their 2013 forecast to $1,396 from $1,542 and trimmed their 2014 estimate to $1,435 from $1,600.

Credit Suisse Group Inc. lowered its estimates today.


Also see:

Goldman cuts 2013, 2014 gold forecasts
24 June 2013
, by Francesca Freeman (MarketWatch)
http://www.marketwatch.com/story/goldman-cuts-2013-2014-gold-foreca...

Views: 268

Replies to This Discussion

China importing 2000 tons of Gold by 2016 ‘not inconceivable

China may be importing 2000 tons of gold by the time it is 2016 which would roughly be equal to 80% of the total global gold mine supply, said Standard Chartered in a report cited by Bloomberg News, noting that such a feat is not something ‘inconceivable’.

“Although it is the world’s largest producer of gold, 40 percent of its production uses imported gold in concentrates,” Standard Chartered noted.

Meanwhile gold output by China may jump 10% to 440 tons this year, China’s mining association said last week.

This development is in sharp contrast to India: the nation mined miniscule amounts of gold in 2013 YTD and has,unlike China placed curbs on gold imports. China has approved of a set of domestic ETPs in gold this month even as India has raised import duties on gold to 8%.

This may eventually lead China to surpass India in bullion consumption, China Gold Association said last week.

More…

RSS

"Destroying the New World Order"

THANK YOU FOR SUPPORTING THE SITE!

mobile page

12160.info/m

12160 Administrators

 

TOP CONTENT THIS WEEK

Latest Activity

MAC posted a discussion

PLANE CRASHES LINKED TO THE JAB

PLANE CRASHES LINKED TO THE JAB…See More
1 hour ago
luggnutz posted videos
2 hours ago
Profile IconHenry luc and Tina Wertz joined 12160 Social Network
6 hours ago
Less Prone favorited Bob Renner's photo
6 hours ago
Doc Vega's 3 blog posts were featured
8 hours ago
Less Prone's blog post was featured

30 Covid facts you NEED to know

Submitted by Mikael Nordfors on September 30, 2021 - 9:57pm…See More
8 hours ago
Chris of the family Masters's 2 blog posts were featured
8 hours ago
cheeki kea favorited Bob Renner's photo
8 hours ago
cheeki kea commented on Bob Renner's photo
Thumbnail

Internet of Bodies

"Great comment steve and you're right there is more more hope of survival in the country and…"
8 hours ago
rlionhearted_3 commented on Bob Renner's photo
Thumbnail

Face Book Community

"Yep, 10 years on Facebook no problem. Then starting December 2019 I couldn’t post anything!"
11 hours ago
Burbia commented on KLC's group MUSICWARS
"Oh great. Rick rolled by Greta..."
17 hours ago
luggnutz commented on luggnutz's video
17 hours ago
Bob Renner posted photos
19 hours ago
steve commented on luggnutz's photo
Thumbnail

Delta Drop

"J P splains it  even Lucy could not splain it better…"
yesterday
steve commented on Bob Renner's photo
Thumbnail

Internet of Bodies

"Am I wrong to feel sorry for those cyborgs. Wifey & I have no cell phones ,just made 27 pints…"
yesterday
steve commented on Bob Renner's photo
Thumbnail

Face Book Community

"It boggles my mind how the adults in the room have let these degenerate piss ants stifle our speech…"
yesterday
steve commented on Bob Renner's photo
Thumbnail

Dr. Mattias Desmet on mass psychosis

"A great man once said(his name escapes my failing grey matter at the moment) "It's much…"
yesterday
steve commented on Bob Renner's photo
Thumbnail

Devilishness Minions in music

"Vigilant Citizen site has been exposing the fkn demons for years. Steve"
yesterday
steve commented on Bob Renner's photo
Thumbnail

Politicians are enthusiastic about Build Back Better

"From a mangy pack of sum bitches that have never had a JOB, have never built or contributed one…"
yesterday
steve commented on Bob Renner's photo
Thumbnail

So You Think You Know The Science,Think Again

"QUESTIONING EVERYTHING to find truth is the true definition of real unpaid for science, then keep…"
yesterday

© 2021   Created by truth.   Powered by

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 12160.info 2007-2019 - all rights reserved. unless otherwise noted