Monday, January 12, 2015 12:07:24 AM
Peter Krauth
Gold price forecast, Sept. 10, 2014: In April 2010 I made a somewhat
controversial prediction that gold would reach $5,000 an ounce.
I still believe this to be a realistic price target – and
now prominent gold mining experts are following suit.
Rob McEwen is more than qualified in the realm of gold mining –
he's the founder and former chairman and chief executive officer of
GoldCorp Inc. (NYSE: GG), a $20 billion Canadian gold miner and
the world's largest by market cap.
And in an interview on CNBC's "Fast Money" in August, McEwen said
"I'm a long-term believer in gold and I see it ultimately getting
to $5,000 an ounce. Anything short of that, I wouldn't be hedging."
McEwen expects gold to hit his $5,000 target within the next three
to four years.
And I agree.
A look at the metal's recent history shows how McEwen and I arrived at
this gold price forecast…
Price History Shines a Spotlight on Gold's Potential
Gold Price Forecast
After a decade-long run up, gold's price peaked in September 2011 at
$1,900.
It's since off by about a third and has been languishing in the
$1,300 range for nearly a year and a half.
That's caused many to claim that gold's bull run is over.
But others, including me, believe it's only consolidating before it
finally resumes its climb much higher.
That's exactly what happened to the secular gold bull market in the 1970s,
when despite a 50% correction that took it from $200 down to $100,
gold managed a spectacular run from about $37 to an eventual
peak of $800 per ounce. That produced a bull market return
of more than 2,000%.
And now a few key catalysts are lined up to drive gold prices higher once again…
Gold Price Forecast: Gold Will Hit $5,000 on These Drivers
A number of fundamental drivers are still firmly in place that will
ensure gold reaches new heights:
http://moneymorning.com/2014/09/10/gold-price-forecast-how-the-yellow-metal-will-reach-5000-per-ounce/
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=109820645
God Bless
Recent GOLD News
- Barrick On Track to Achieve 2024 Targets • GlobeNewswire Inc. • 04/16/2024 11:00:00 AM
- Notice of Release of Barrick’s First Quarter 2024 Results • GlobeNewswire Inc. • 04/09/2024 11:00:00 AM
- Strategy-Driven Barrick Builds on Value Foundation • GlobeNewswire Inc. • 03/28/2024 09:20:38 PM
- Barrick Hunts New Gold and Copper Prospects in DRC From Kibali Base • GlobeNewswire Inc. • 03/20/2024 02:00:00 PM
- Barrick Opens Academy at Closed Buzwagi Mine • GlobeNewswire Inc. • 03/18/2024 08:00:00 AM
- Barrick to Grow Production and Value on Global Asset Foundation • GlobeNewswire Inc. • 03/15/2024 11:53:01 AM
- Loulo-Gounkoto Delivers Another Value-Creating Performance • GlobeNewswire Inc. • 03/10/2024 10:00:00 AM
- Passing of the Right Honorable Brian Mulroney • GlobeNewswire Inc. • 03/02/2024 01:17:35 AM
- Kibali and DRC Partner to Promote Local Content • GlobeNewswire Inc. • 03/01/2024 02:22:43 PM
- Tanzanian Parliamentary Committee Lauds Barrick’s Work at North Mara • GlobeNewswire Inc. • 02/23/2024 12:00:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/14/2024 10:28:08 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/14/2024 08:05:25 PM
- Clear Strategies and Strong Partnerships Set Barrick Up to Outperform, Says Bristow • GlobeNewswire Inc. • 02/14/2024 11:00:00 AM
- Barrick Announces New Share Buyback Program • GlobeNewswire Inc. • 02/14/2024 10:59:00 AM
- Barrick Declares Q4 Dividend • GlobeNewswire Inc. • 02/14/2024 10:58:00 AM
- NGM Strongly Positioned for Growth • GlobeNewswire Inc. • 02/10/2024 01:00:16 AM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 02/08/2024 03:03:08 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/08/2024 12:46:55 PM
- Geologically Driven Asset Management Delivers Barrick’s Third Successive Year of Reserve Growth at Sustained Quality, While Unlocking Embedded Growth Portfolio • GlobeNewswire Inc. • 02/08/2024 12:00:00 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/01/2024 06:04:56 PM
- Africa’s Largest Gold Mine Now Also One of Its Greenest • GlobeNewswire Inc. • 01/29/2024 04:00:00 PM
- Barrick Continues to be a Major Value Creator for Mali • GlobeNewswire Inc. • 01/27/2024 09:00:00 AM
- Barrick’s Lumwana Super Pit Project On Track for First Production in 2028 • GlobeNewswire Inc. • 01/23/2024 03:35:00 PM
- Barrick’s Tanzanian Mines on Tier One Track With Potential for Extending Lives, Growing Production • GlobeNewswire Inc. • 01/21/2024 12:00:00 PM
- New Airport Terminal at Kahama Airstrip to Leave Lasting Legacy at Barrick’s Buzwagi Gold Mine • GlobeNewswire Inc. • 01/21/2024 08:00:00 AM
Coinllectibles' Subsidiary, Grand Town Development Limited, Acquires Rare Song Dynasty Ceramics Worth Over USD28million • COSG • Apr 18, 2024 8:03 AM
ILUS Provides Form 10-K Filing Update • ILUS • Apr 17, 2024 9:54 AM
Glucotrack Announces Expansion of Its Continuous Glucose Monitoring Technology to Epidural Glucose Monitoring • GCTK • Apr 17, 2024 8:00 AM
Maybacks Global Entertainment To Fire Up 24 New Stations in Louisiana • AHRO • Apr 16, 2024 1:30 PM
Cannabix Technologies Begins Certification of Contactless Alcohol Breathalyzer, Re-Brands product series to Breath Logix • BLOZF • Apr 16, 2024 8:52 AM
Kona Gold Beverages, Inc. Acquires Surge Distribution LLC from Loud Beverage Group, Inc. (LBEV) • KGKG • Apr 16, 2024 8:30 AM