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-- Posted Tuesday, 5 October 2010 | | Source: GoldSeek.com
By: Lorimer Wilson The small group of gold enthusiasts who started out few in numbers a few years back has made a parabolic move over the past year or so much like their projections for the future price of gold. They now number an unbelievable 108 who have stated, with sound reasons in their opinions, why gold could quite possibly go to a parabolic top of at least $2,500 an ounce to even as much as an unimaginable $15,000 before the bubble finally pops! In fact, the majority (65) maintain that $5,000 or more for gold is likely. In this article I identify the economists, academics, analysts and financial writers who hold such a lofty opinion of the prospects for gold and provide the URLs of their articles so you can ascertain for yourself their logic for such parabolic moves in the years to come. (Please note: This is a one-of-a-kind article which no doubt will get a great deal of attention and be posted on a large number of other financial sites and blogs. This is encouraged but to avoid copyright infringement the authors name must be included with a hyperlink to the original article.) Higher than $10,000 1. Mike Maloney: $15,000;
www.goldbasics.blogspot.com/2009/09/gold-should-reach-15000-oz-mike-maloney.html
2. Ben Davies: $10,000 $15,000;
www.thedailygold.com/commentaries/hinde-capitals-ben-davies-on-the-gold-market/?p=3905/
3. Howard Katz: $14,000; 24hgold.com/english/contributor.aspxcontributor=Howard+S.+Katz&article=2241359014G10020 &redirect=False
4. Dr. Jeffrey Lewis: $7,000 $14,000;
www.silver-coin-investor.com/gold-and-silver.html
5. Jim Rickards: $4,000 $11,000;
www.cnbc.com/id/34038650/Gold_s_Money_Value_is_4_000_to_11_000_Market_Strategist
6. Roland Watson: $10,800 (in our lifetime);
www.goldeagle.com/editorials_05/watson081605.html $5,000 $10,000 1. Bob Kirtley: $10,000 (by 2011);
www.goldeditor.com/wp-content/uploads/editorpdfsimages/Gold-Prices-at-10-000.pdf
2. Arnold Bock: $10,000 (by 2012);
munknee.com/2010/06/gold-going-to-parabolic-top-of-10000-by-2012-%e2%80%93-for-good-reasons/
3. Porter Stansberry: $10,000 (by 2012);
www.kitco.com/ind/stansberry/dec022009.html
4. Tom Fischer: $10,000;
www.gold.approximity.com/gold_price_models_sinclair.html
5. Shayne McGuire: $10,000;
www.safehaven.com/article/9572/shayne-mcguire-the-early-innings-of-a-gold-boom
6. Eric Hommelberg: $10,000;
www.gold-speculator.com/eric-hommelberg/17257-golds-inflation-adjusted-high-reaches-8000-a.html
7. Anonymous: $6,410 $10,000 (by 2012-2016);
www.tl-ph.facebook.com/topic.php?uid=6876483182&topic=4979&post=15682
8. David Petch; $6,000 $10,000;
www.financialsense/fsu/editorials/petch/2008/0304b.html
9. Gerald Celente: $6,000 $10,000;
www.trendsresearch.com/forecast.html
10. Egon von Greyerz: $6,000 $10,000;
www.goldswitzerland.com/index.php/gold-entering-a-virtuous-circle-egonvongreyerz/ utm_source=subscriber&utm_medium=rss&utm_campaign=rss
11. Peter Schiff: $5,000 $10,000 (in 5 to 10 years);
www.businessweek.com/magazine/content/10_23/b4181044623002.htm
commodityonline.com/news/Gold-forecast-Jim-Rogers-Peter-Schiff-or-Roubini-23940-3-1.html
12. Patrick Kerr: $5,000 $10,000 (by 2011);
www.marketwatch.com/story//a-reality-check-for-investors-mulling-sale-of-gold-2009-11-20
13. Peter Millar: $5,000 $10,000;
www.gata.org/files/PeterMillarGoldNoteMay06.pdf
14. Roger Wiegand: $5,000 $10,000;
www.traderrog.wordpress.com/2010/08/23/how-high-can-gold-go/
15. Alf Field: $4,250 $10,000;
www.24hgold.com/english/news-gold-silver-gold-price-objective.aspx?contributor=Alf+Field&article=1440499960G10020&redirect=False
www.gold-speculator.com/alf-field/7413-elliot-wave-gold-update-23-a.html
www.jsmineset.com/2009/05/10/alf-field%E2%80%99s-gold-price-predictions/
16. Peter George: $3,500 (by 2011-13); $10,000 (by Dec. 2015);
www.news.goldseek.com/GoldSeek/1129126809.php
17. Jeff Nielson: $3,000 $10,000;
bullionbullscanada.com/index.php?option=com_content&view=article&id=12906:the-real-truth-about -the-imfs-gold-sale&catid=48:gold-commentary&Itemid=131
18. Dennis van Ek: $9,000 (by 2015);
goldnews.bullionvault.com/Goldbug/gold_price/gold_prices_could_hit_9000_per_oz_by_2015_ 18898034
19. Dominic Frisby: $8,500;
www.moneyweek.com/investments/precious-metals-and-gems/why-gold-could-reach-8500-an-ounce.aspx
20. James Turk: $8,000 (by 2015);
www.munknee.com/2010/06/where-gold-and-silver-will-be-by-2015/
21. Joseph Russo: $7,000 $8,000;
www.financialsense.com/fsu/editorials/russo/2007/0416.html
22. Michael Rozeff: $2,865 $7,151;
www.marketoracle.co.uk/Article14168.html
www.lewrockwell.com/rozeff/rozeff16.html
23. Martin Murenbeeld: $3,100 $7,000;
www.dundeeprecious.com/Theme/Dundee/files/The%20Gold%20Price%20Outlook%20through%202010-%20website.pdf
24. Jim Willie: $7,000;
silver-investor.com/blog/silver-investor-bloggers-gold/hidden-dollar-swap-hammer-by-jim-willie-cb/
25. Dylan Grice: $6,300;
abnnewswire.net/press/en/63123/Barry_Dawes_Projects_Gold_To_Reach_5000oz_At_The_Resources _Investment_Expo_In_Brisbane.html
26. Chris Mack: $6,241.64 (by 2015);
www.munknee.com/2010/09/how-realistic-is-5000-gold/
27. Chuck DiFalco: $6,214 (by 2018);
www.financialsensearchive.com/fsu/editorials/difalco/2009/1124.html
28. Jeff Clark: $6,214;
www.caseyresearch.com/editorial/3614?ppref=CRX192ED0810D
29. Aubie Baltin: $6,200 (by 2017);
www.24hgold.com/english/contributor.aspx?rss=true&article=2158395926G10020&redirect=false&contributor=Aubie+Baltin
30. Murray Sabrin: $6,153;
www.kitco.com/ind/Sabrin/may262009.html
31. Samuel Bud Kress: $6,000 (by 2014);
www.clifdroke.com/articles/jul10/071910/071910.html
32. Robert Kientz: $6,000;
www.seekingalpha.com/instablog/410007-robert-kientz/91151-gold-and-silver-market-suppression-failures-flash-buy-signal-part-4
33. Harry Schultz: $6,000;
www.moneynews.com/StreetTalk/harry-shultz-deflation-hyperinflation/2010/06/11/id/361725?s=al&promo_code=A0D6-1
34. Clif Droke: $6,000;
www.marketoracle.co.uk/Article18050.html
35. John Bougearel: $6,000; http://www.benzinga.com/print/490392 36. Lawrence Hunt: $5,000 $6,000 (by 2019);
www.laurencehunt.blogspot.com/2010/06/gold-invisible-bull-market.html
37. Paul Brodsky/Lee Quaintance: $3,000 $6,000;
www.gold-eagle.com/editorials_08/brodsky121208pv.html
www.gata.org/files/QBAssetManagement-07-2009.pdf
38. Taran Marwah: $3,000 $6,000+ (by Dec. 2011 and Dec. 2012, respectively);
www.afund.com/afundindia.html
39. Martin Hutchinson: $3,100 $5,700;
www.mineweb.com/mineweb/view/mineweb/en/page103855?oid=104836&sn=Detail
40. Jeremy Charlesworth: $5,000+;
www.telegraph.co.uk/finance/personalfinance/investing/gold/7803924/Silver-will-outperform-gold.html
41. Przemyslaw Radomski: $5,000+;
www.marketoracle.co.uk/Article22629.html $5,000 1. David Rosenberg: $5,000;
www.zerohedge.com/article/rosenberg-pattern-would-suggest-test-5000-dow-same-time-gold-5000-too
www.investmentpostcards.com/2010/05/16/3000-gold-price-may-yet-prove-conservative-says-rosie/
2. Doug Casey: $5,000;
www.pragcap.com/is-gold-going-to-5000
3. Peter Cooper: $5,000;
www.arabianmoney.net/gold-silver/2010/05/12/5000-an-ounce-in-sight-as-gold-its-new-all-time-high/
4. Robert McEwen: $5,000;
www.bloomberg.com/apps/news?pid=20601082&sid=ajm6lryLYViQ
5. Martin Armstrong: $5,000 (by 2016);
www.businessinsider.com/martin-armstrong-gold-headed-to-5000-and-beyond-2009-11
6. Peter Krauth: $5,000;
www.moneymorning.com/2010/01/14/gold-superspike
7. Tim Iacono: $5,000 (by 2017);
www.seekingalpha.com/article/174088-faber-gold-a-better-buy-than-at-300-oz?source=hp
8. Christopher Wyke: $5,000;
www.bloomberg.com/apps/news?pid=newsarchive&sid=aF1439PVhAgk
9. Frank Barbera: $5,000;
www.theaureport.com/pub/na/1575
10. John Lee: $5,000;
goldnews.bullionvault.com/gold_dollar_fiat_currency_fed_confidence_030320082
11. Barry Dawes: $5,000;
abnnewswire.net/press/en/63123/Barry_Dawes_Projects_Gold_To_Reach_5000oz_At_The_Resources _Investment_Expo_In_Brisbane.html
12. Bob Lenzer: $5,000 (by 2015);
video.forbes.com/fvn/streettalk/gold-5000-an-ounce-in-5-years
13. Steve Betts: $5,000;
www.marketoracle.co.uk/Article22697.html
14. Stewart Thomson: $5,000;
www.321gold.com/editorials/thomson_sthomson_s_091410.html
15. Charles Morris: $5,000 (by 2015);
www.businessweek.com/news/2010-03-01/soros-signals-gold-bubble-as-goldman-predicts-record-update1-.html
16. Marvin Clark: $5,000 (by 2015?);
seekingalpha.com/article/221514-will-the-price-of-gold-reach-5-000 Up to $5,000 1. Pierre Lassonde: $4,000 $5,000;
commodityonline.com/news/Panic-effect-could-push-Gold-to-$4000-or-$5000-11770-3-1.html
2. Willem Middelkoop: $4,000 $5,000;
www.youtube.com/watch?v=lvFSyS985I8
3. Mary Anne and Pamela Aden: $3,000 $5,000 (by February 2012);
www.adenforecast.com/articlesInterviewDetail.php?id_publicacion=19
4. James Dines: $3,000 $5,000 (in June 2011);
www.commodityonline.com/news/James-Dines-Dig-gold-out-of-rare-earths-24391-3-1.html
5. Goldrunner: $3,000 $5,000 (by 2012);
www.gold-eagle.com/editorials_08/goldrunner022308pv.html
6. Bill Murphy: $3,000 $5,000;
www.gata.org/8960
7. Bill Bonner: $3,000 $5,000;
www.equitymaster.com/dailyreckoning/detail.asp?date=9/30/2010&story=1
8. Peter Degraaf; $2,500 $5,000;
www.kitco.com/ind/degraaf/sep182008.html
9. Eric Janszen: $2,500 $5,000;
www.itulip.com/forums/showthread.php/15580-Before-the-FIRE-Gold-Update-Is-1-237-the-new-720-Eric-Janszen?s=e262248557652f4215a3f903694790d4
10. Larry Edelson: $2,300 $5,000 (by 2015);
www.munknee.com/2010/08/gold-will-go-to-5000-and-the-dow-to-above-27000-by-2015/
11. Luke Burgess: $2,000 $5,000;
www.wealthdaily.com/articles/gold-etfs/2409
12. Jeff Nichols: $2,000 $5,000;
www.mineweb.com/mineweb/view/mineweb/en/page33?oid=111268&sn=Detail&pid=102055
13. Jim Sinclair: $1,650 $5,000 ($1650 by January 14, 2011 OR $3,000-$5,000 by June 2011);
arabianmoney.net/gold-silver/2010/09/08/jimsinclair-on-why-gold-is-going-to-1650-by-early-january $3,000 $4,000
1. Mike Knowles: $4,000;
www.stockmarketweekly.com/newsletters/1546-what-is-the-kondratieff-cycle-telling-us-now%20/
2. Ian Gordon/Christopher Funston: $4,000;
www.munknee.com/2010/06/the-long-wave-cycle-of-winter-is-coming/
3. Marc Faber: $4,000;
www.shtfplan.com/marc-faber/marc-faber-gold-to-1-trillion-an-ounce-bloomberg-february-6-2009_02152009
4. John Paulson: $2,400 $4,000 (by 2012);
www.goldalert.com/2010/09/gold-price-4000-paulson/
5. D.P. Baker: $3,000 $3,750 (by Jan./Feb. 2012);
www.stockhouse.com/Columnists/2010/Jun/8/Gold-s-next-move-could-be-parabolic
www.news.goldseek.com/GoldSeek/1272548046.php
6. Adam Hamilton: $3,500 (by 2010/11);
commodityonline.com/futures-trading/technical/Gold-price-to-hit-$3500-by-201011-13620.html
7. Christopher Wood: $3,360;
www.marketoracle.co.uk/Article12906.html
8. Eric Roseman: $3,500+;
www.roseman.sovereignsociety.com/2010/09/15/silver-on-verge-of-gold-confirmation/
9. John Henderson: $3,000+ (by 2015-17);
www.seekingalpha.com/article/160592-gold-1200-by-year-end-1500-in-2010-3000-by-2015-2017
10. Hans Goetti: $3,000;
www.cnbc.com/id/15840232/?video=1043867279&play=1
11. Michael Yorba: $3,000;
www.yorbatv.ning.com/forum/topic/show?id=2014856%3ATopic%3A9698
12. David Tice: $3,000 (by 2012);
www.cnbc.com/id/34240489
13. David Urban; $3,000;
www.seekingalpha.com/article/36315-why-i-believe-gold-will-hit-3000-oz
14. Mitchell Langbert: $3,000;
www.mitchell-langbert.blogspot.com/2010/06/is-ride-to-3000-gold-going-to-hit-air.html
15. Brett Arends: $3,000;
online.wsj.com/article/SB10001424052748704792104575264863069565780.html
16. Ambrose Evans-Pritchard: $3,000;
www.moneynews.com/StreetTalk/evans-pritchard-gold-price/2010/05/26/id/360175
17. Trader Mark: $3,000 (by mid-2011);
ibtimes.com/articles/25200/20100526/if-gold-gld-tracks-nasdaq-housing-peaks-its-headed-to-3000-in-18-months.htm
18. John Williams: $3,000;
www.telegraph.co.uk/finance/personalfinance/investing/gold/4967209/Gold-Inflation-will-beat-deflation-and-gold-will-hit-3000.html
19. Louise Yamada: $3,000 (by 2016-17);
www.bloomberg.com/apps/news?pid=newsarchive&sid=a5UuCc0L6nt4&refer=latin_america
20. Byron King: $3,000;
www.whiskeyandgunpowder.com/gold-is-going-to-3000-get-some-physical-gold/
21. ThumbCharts.com: $3,000;
www.thumbcharts.com/1300/gold-at-3000-only-if-bubbles-repeat
22. Bob Chapman: $3,000 (by 2011);
www.bobchapman.blogspot.com/2010/05/gold-will-go-to-75-and-gold-to-3000.html
23. Ron Paul: $3,000 (by 2020);
online.wsj.com/article/SB10001424052970203917304574415193376917198.html
24. Chris Weber: $3,000 (by 2020);
www.kitco.com/ind/Weber/dec052006.html $2,500 $3,000 1. Ian McAvity: $2,500 $3,000 (by 2012);
www.mineweb.co.za/mineweb/view/mineweb/en/page33?oid=106419&sn=Detail&pid=102055
2. Graham French: $2,000 $3,000;
www.telegraph.co.uk/finance/personalfinance/investing/gold/7743787/Gold-bulls-claim-price-could-double-to-3000-in-five-years.html
3. Joe Foster: $2,000 $3,000 (by 2019);
www.thegoldbubble.blogspot.com/2010/07/joe-foster-gold-above-3000-in-couple-of.html
4. David Morgan: $2,900;
news.goldseek.com/SilverInvestor/1204614180.php
5. Sascha Opel: $2,500+;
www.mineweb.com/mineweb/view/mineweb/en/page33?oid=79363&sn=Detail
6. Rick Rule: $2,500 (by 2013);
www.mineweb.com/mineweb/view/mineweb/en/page33?oid=107168&sn=Detail&pid=102
7. Daniel Brebner: $2,500;
www.midasletter.com/news/09031105_UBS-bullish-on-gold-price-nearing-2500-dollars.php
8. James DiGeorgia: $2,500;
goldnews.bullionvault.com/Goldbug/gold_price/2500_gold_on_the_cards_by_2011_18498409 Conclusion
There you have it! Who would have believed that so many would maintain that gold, and by implication, silver, are likely to achieve such lofty levels as a result of the effects of our current financially troubled and volatile times? Their rationale is varied but each is sound in its own right. Given projections from such a large number of analysts perhaps it is time to also get on the bandwagon and buy some physical gold and silver yourself if you have not done so already. Please note: If, after checking out the list above, you found a name or two missing I would appreciate you sending me his/her name and the URL of the article in which the individual states his/her case so I can have the most comprehensive list available on the internet. To be included in the list only projections of gold achieving a parabolic top of at least $2,500 per ounce, accompanied by sound reasons, will be considered. Send your email to: editor@munknee.com. Lorimer Wilson is the Editor of both www.FinancialArticleSummariesToday.com (a sight/site for sore eyes and inquisitive minds) and www.munKNEE.com (a site consisting of edited excerpts of the internets most informative articles on money matters). He can be reached at editor@munknee.com
-- Posted Tuesday, 5 October 2010 | Digg This Article | Source: GoldSeek.com
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