Sunday, March 15, 2015 5:19:24 PM
Mar 13, 2015
Within weeks of the start of 2015, the Gold price had soared to nudge above $1,300 prompting many gold bugs to start proclaiming that the long anticipated resumption of the gold bull market had begun after what had seemed like an never ending 3.5 year bear market that had contained many false dawns which had greatly demoralised many gold bugs and even worse for precious metal stock investors.
However, gold bug mania commentary such as that Apple would soon start buying hundreds of tons of gold, as much as 1/3rd of global gold supply for its new i-watch and thus push the gold price towards new all time highs proved short lived as the January peak of $1,308 was followed by a relentless grind lower to $1,150, that is even lower than where Gold began the year at $1,183.
For the reason why one only needs take a look to the US Dollar which has literally soared into the stratosphere, reasons for which I will take a close look at in a separate article.
Gold Price Forecast 2015
In terms of forecast expectations, my Gold price analysis of last December concluded in the following trend expectation for 2015.
31 Dec 2014 - Gold Price Trend Forecast 2015
Gold Price Forecast Conclusion 2015
My forecast conclusion is for the Gold price to trend lower into August 2015, targeting a low of $1050 before Gold finally makes a low for the year that propels the Gold price to above $1300, probably spiking to approx $1350 during November before correcting during December as illustrated by the below forecast trend graph.
And here's a video version of the analysis:
Gold Price Trend Forecast 2015
http://www.marketoracle.co.uk/Article49815.html
Recent CMCL News
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 09/23/2024 10:00:08 AM
- Caledonia Mining Corporation Plc: Fatal accident at Blanket Mine • GlobeNewswire Inc. • 09/23/2024 06:00:00 AM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 08/23/2024 04:15:07 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/19/2024 10:00:07 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/19/2024 10:00:06 AM
- Caledonia Mining Corporation Plc: Notification of relevant change to significant shareholder • GlobeNewswire Inc. • 08/19/2024 06:00:00 AM
- Caledonia Mining Corporation Plc: Notification of relevant change to significant shareholder • GlobeNewswire Inc. • 08/19/2024 06:00:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/15/2024 10:00:11 AM
- Caledonia Mining Corporation Plc: Notification of relevant change to significant shareholder • GlobeNewswire Inc. • 08/15/2024 06:00:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/12/2024 03:32:56 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/12/2024 10:00:08 AM
- Caledonia Mining Corporation Plc Results for the Quarter ended June 30, 2024; Details of Investor Presentation • GlobeNewswire Inc. • 08/12/2024 06:00:00 AM
- Form F-3 - Registration statement by foreign private issuers • Edgar (US Regulatory) • 08/09/2024 08:12:39 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/06/2024 10:00:05 AM
- Caledonia Mining Corporation Plc: Notice of Results and Investor Presentation • GlobeNewswire Inc. • 08/06/2024 06:00:00 AM
- Caledonia Mining Corporation Plc: Publication of 2023 ESG Report • GlobeNewswire Inc. • 08/01/2024 06:00:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 07/25/2024 10:00:11 AM
- Caledonia Mining Corporation Plc: Notification of relevant change to significant shareholder • GlobeNewswire Inc. • 07/25/2024 06:00:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 07/23/2024 10:00:13 AM
- Caledonia Mining Corporation Plc: Notification of relevant change to significant shareholder • GlobeNewswire Inc. • 07/23/2024 06:00:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 07/22/2024 10:00:12 AM
- Caledonia Mining Corporation Plc: Notification of relevant change to significant shareholder • GlobeNewswire Inc. • 07/22/2024 06:00:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 07/19/2024 10:00:09 AM
- Caledonia Mining Corporation Plc: Notification of relevant change to significant shareholder • GlobeNewswire Inc. • 07/19/2024 06:00:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 07/15/2024 05:50:06 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM