Tuesday, September 20, 2011

Cartel Survey: Gold to Peak Next Year at $2,268

Bloomberg has conducted a cartel survey of the future of gold at the LBMA annual conference.


Gold to peak next year at $2,268. 
If only it were that easy.....

Gold will probably top $2,000 an ounce by year-end amid surging investor demand, a Bloomberg survey showed.
Prices will rise to a peak of $2,038 before Dec. 31, based on the average of 16 respondents in a Bloomberg survey at the London Bullion Market Association’s annual conference in Montreal. Next year, gold will rally as high as $2,268, according to the average in the survey.

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