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Update: These 113 Analysts Believe Gold Will Go Parabolic to $3,000 or More!
Lorimer Wilson
January 24, 2011
$5,000 Gold Bandwagon Now Includes 85 Analysts!
MunKNEE.com Editor-in-Chief Lorimer Wilson Holding a Gold Bar
More and more economists, analysts and financial writers, 125 in fact, have taken the bold step of projecting the price at which gold will achieve its parabolic peak with 5 individuals claiming that the peak price will be realized sometime in 2011. Some have adjusted their previous prognostications higher given gold’s strong advance again in 2010 while others have jumped aboard what has become a bandwagon of optimism. The majority (85) maintain that $5,000 or more for gold is possible.
These 5 Analysts Believe Gold Will Reach Parabolic Peak Sometime in 2011
•1. Bob Kirtley: $10,000;
•2. Patrick Kerr: $5,000 – $10,000;
•3. James Dines: $3,000 – $5,000;
•4. Taran Marwah: $3,000;
•5. Jim Sinclair: $3,000 – $5,000 (by June 2011);
These 6 Analysts See Gold Price Going Parabolic to +$10,000
•1. Mike Maloney: $15,000;
•2. Ben Davies: $10,000 – $15,000;
•3. Howard Katz: $14,000;
•4. Dr. Jeffrey Lewis: $7,000 – $14,000;
•5. Jim Rickards: $4,000 – $11,000;
•6. Roland Watson: $10,800
These 46 Analysts See Gold Price Peaking Between $5,001 and $10,000
•1. Bob Kirtley: $10,000 (by 2011);
•2. Arnold Bock: $10,000 (by 2012);
•3. Porter Stansberry: $10,000 (by 2012);
•4. Peter George: $10,000 (by Dec. 2015);
•5. Tom Fischer: $10,000;
•6. Shayne McGuire: $10,000;
•7. Eric Hommelberg: $10,000;
•8. David Petch: $6,000 – $10,000;
•9. Gerald Celente: $6,000 – $10,000;
•10. Egon von Greyerz: $6,000 – $10,000;
•11. Peter Schiff: $5,000 – $10,000 (in 5 to 10 years);
•12. Patrick Kerr: $5,000 – $10,000 (by 2011);
•13. Peter Millar: $5,000 – $10,000;
•14. Roger Wiegand: $5,000 – $10,000;
•15. Alf Field: $4,250 – $10,000;
•16. Jeff Nielson: $3,000 – $10,000;
•17. Dennis van Ek: $9,000 (by 2015);
•18. Dominic Frisby: $8,500;
•19. Paul Brodsky: $8,000;
•20. James Turk: $8,000 (by 2015);
•21. Joseph Russo: $7,000 – $8,000;
•22. Bob Chapman: $7,000+;
•23. Michael Rozeff: $2,865 – $7,151;
•24. Jim Willie: $7,000;
•25. Dylan Grice: $6,300;
•26. Chris Mack: $6,241.64 (by 2015);
•27. Chuck DiFalco: $6,214 (by 2018);
•28. Jeff Clark: $6,214;
•29. Aubie Baltin: $6,200 (by 2017);
•30. Murray Sabrin: $6,153;
•31. Samuel “Bud” Kress: $6,000 (by 2014);
•32. Adam Hamilton: $6,000;
•33. Robert Kientz: $6,000;
•34. Harry Schultz: $6,000;
•35. John Bougearel: $6,000;
•36. David Tice: $5,000 – $6,000;
•37. Laurence Hunt: $5,000 – $6,000 (by 2019);
•38. Taran Marwah: $3,000 – $6,000+ (by Dec. 2011 and Dec. 2012, respectively);
•39. Martin Hutchinson: $3,100 – $5,700;
•40. Stephen Leeb: $5,500 (by 2015);
•41. Louise Yamada: $5,200;
•42. Jeremy Charlesworth: $5,000+;
•43. Przemyslaw Radomski: $5,000+;
•44. Jason Hamlin: $5,000+;
•45. Greg McCoach: $5,000+ (by 2012)
•46. David McAlvany: $5,000+
•Cumulative sub-total: 52
These 34 Analysts Believe Gold Price Could Go As High As $5,000
•1. David Rosenberg: $5,000;
•2. Doug Casey: $5,000;
•3. Peter Cooper: $5,000;
•4. Robert McEwen: $5,000 (by 2012 -2014);
•5. Martin Armstrong: $5,000 (by 2016);
•6. Peter Krauth: $5,000;
•7. Tim Iacono: $5,000 (by 2017);
•8. Christopher Wyke: $5,000;
•9. Frank Barbera: $5,000;
•10. John Lee: $5,000;
•11. Barry Dawes: $5,000;
•12. Bob Lenzer: $5,000 (by 2015);
•13. Steve Betts: $5,000;
•14. Stewart Thomson: $5,000;
•15. Charles Morris: $5,000 (by 2015);
•16. Marvin Clark: $5,000 (by 2015?);
•17. Eric Sprott: $5,000;
•18. Nathan Narusis: $5,000;
•19. Bud Conrad: $4,000 – $5,000;
•20. Paul Mylchreest: $4,000 -$5,000;
•21. Pierre Lassonde: $4,000 – $5,000;
•22. Willem Middelkoop: $4,000 – $5,000;
•23. Mary Anne and Pamela Aden: $3,000 – $5,000 (by February 2012);
•24. James Dines: $3,000 – $5,000 (by June 2011);
•25. Goldrunner: $3,000 – $5,000 (by 2012);
•26. Bill Murphy: $3,000 – $5,000;
•27. Bill Bonner: $3,000 – $5,000;
•28. Peter Degraaf; $2,500 – $5,000;
•29. Eric Janszen: $2,500 – $5,000;
•30. Larry Jeddeloh: $2,300 – $5,000 (by 2013);
•31. Larry Edelson: $2,300 – $5,000 (by 2015);
•32. Luke Burgess: $2,000 – $5,000;
•33. Jim Sinclair: $3,000-$5,000 (by June 2011);
•34. Marc Faber: $1,500 – $5,000
•Cumulative sub-total: 86
These 27 Analysts Believe Gold Will Achieve a Parabolic Peak Price Between $3,000 and $4,999
•1. David Moenning: $4,525;
•2. Larry Reaugh: $4,000+;
•3. Mike Knowles: $4,000;
•4. Ian Gordon/Christopher Funston: $4,000;
•5. Barry Elias: $4,000; (by 2020);
•6. Jay Taylor: $3,000 – $4,000;
•7. Christian Barnard: $2,500 -$4,000;
•8. John Paulson: $2,400 – $4,000 (by 2012);
•9. Myles Zyblock: $3,800;
•10. Eric Roseman: $3,500+;
•11. Christopher Wood: $3,360;
•12. Franklin Sanders: $3,130;
•13. John Henderson: $3,000+ (by 2015-17);
•14. Michael Berry: $3,000+; (by 2015)
•15. Hans Goetti: $3,000;
•16. Michael Yorba: $3,000;
•17. David Urban: $3,000;
•18. Mitchell Langbert: $3,000;
•19. Brett Arends: $3,000;
•20. Ambrose Evans-Pritchard: $3,000;
•21. John Williams: $3,000;
•22. Byron King: $3,000;
•23. Ron Paul: $3,000 (by 2020);
•24. Chris Weber: $3,000 (by 2020);
•25. Mark Leibovit: $3,000;
•26. Mark O’Byrne: $3,000;
•27. Kevin Kerr: $3,000
•Cumulative sub-total: 113
These 12 Analysts Believe Gold Will Go to Between $2,500 and $3,000
•1. Ian McAvity: $2,500 – $3,000 (by 2012);
•2. Jeffrey Nichols: $2,000 – $3,000;
•3. Graham French: $2,000 – $3,000;
•4. Bank of America Merrill Lynch: $2,000 – $3,000;
•5. Joe Foster: $2,000 – $3,000 (by 2019);
•6. David Morgan: $2,900;
•7. Sascha Opel: $2,500+;
•8. Rick Rule: $2,500 (by 2013);
•9. Daniel Brebner: $2,500;
•10. James DiGeorgia: $2,500;
•11. Peter Hambro: $2,500 (by 2012);
•12. Charles Nenner: $2,500 (by 2012 – 2013)
•Grand Total: 125
Conclusion
There you have it. Who would have believed that so many distinguished analysts 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 the above price projections I think those who have yet to hop on the gold bandwagon should do so now and ride it home with substantial returns.
AI
