Mostly: Classical

[amarksp]

Virtual Metals & CPM Group, unlike Martin M, do not see $500 gold...

"Virtual Metals says that this deficit represents the sum of what cannot be measured with final accuracy: “embedded in which is an indication of the levels of unconfirmable investment in gold; this deficit is currently establishing and supporting higher dollar gold prices.” The consultancy firm says the gold price will be extremely volatile in 2006 with prices testing $500/oz on the upside. It reckons that on average gold will settle at $430/oz in 2006.

Another consultancy firm, CPM Group, out of New York, has predicted that if investment demand remains above historic norms, gold prices could keep within a $370-$470 range for 2005 and 2006. CPM released its Gold Survey in August."