Gold Futures Index (GOLD)

[MUSHROOMKING]

http://www.mineweb.com/mineweb/view/mineweb/en/page34?oid=94815&sn=Detail

Mineweb Annual Gold Price Competition
Once again Mineweb will be running a gold price prediction competition among its readers to see who can beat the experts with their assessment of what will happen to the gold price over the next 12 months.

Author: Lawrence Williams
Posted: Tuesday , 22 Dec 2009

LONDON -

Amateur or professional forecasters are again welcome to participate in this year's Mineweb gold price competition. This competition, now in its third year, has demonstrated that Mineweb readers prove frequently to do far better in their gold price picks than mainstream analysts do in similar competitions run by organisations like the London Bullion Market Association. While the results of the 2009 competition won't be available until early in the New Year, as we need to wait for the year end data and calculate the averages, overall readers look to have done fairly well again barring any huge gold price changes between now and December 31st - although the average of readers gold price predictions is probably going to be a little higher, than the reality.

The concept of the competition is pretty straightforward. Readers are asked to predict the gold price high, low, average and year-end prices for the year ahead. The figures will all be based on London Bullion Market Association fixings with the year-end price that of the LBMA's final 2009 fixing on December 31st. Readers may send in entries under their own names, or under a pseudonym and should submit as follows: High price, Low Price, Year-end Price and Average Price - and then this year, to keep interest alive mid-year we are asking also for a prediction for the LBMA closing price on June 30. We also need a contact email address, but while all other data will be published on the competition closing date on Mineweb, the email address will be withheld.

We already have a couple of entries in, despite not publicising the competition yet and give nthe growth in traffic the site has seen over the year, the 2010 competition is gearing up to be a record breaking one. The competition closing date will be January 22nd - and should there be any significant change in the gold price which might affect an early entrant's forecast they are welcome to let us have updates right up until the closing date.

As a reminder, the average of Mineweb reader projections for 2009 were as follows: High $1345, Low $764, Year end: $1172, Average $992.

So if you are interested in setting your forecasting abilities against those of your peers - and against the experts, do take part. Send your entries on an email to [e-mail] in the following format:

Name or Pseudonym:

High Price:

Low Price:

Year End Price:

Average Price:

June 30 Price:

Contact email address:

Good luck - and let's see if we can beat the experts again.