Tuesday , 10 December 2024

Analysts’ Consensus Picks for Most Promising Gold Mining, Silver Mining & PM Streaming Companies (+2K Views)

We have been following analyst predictions for gold & silver mining stocks and precious metals streaming companies on171686-gold-silver-bars Yahoo.com for some time now. In this article we document their current consensus price targets and take note of recent target changes where applicable.

So writes Itinerant in excerpts from his exclusive posting on seekingalpha.com entitled Precious Metal Analyst Watch – April Edition.

This post is presented compliments of Lorimer Wilson, editor of www.munKNEE.com (Your Key to Making Money!) and the Intelligence Report newsletter (It’s free – sign up here).

In the article, which can be read in its entirety here (it can not be reposted as it would infringe on the arrangement the author has with seekingalpha.com), Itinerant goes on to say:

We prepared three individual tables with our data:

  1. one for gold mining companies,
  2. one for silver mining companies; and
  3. one for precious metal streaming companies.

These three tables are displayed below with comments given below each table.

Parting Shot

Judging from the data provided by analysts the picks for the three categories for April would have to be (continue reading)

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7. The Future For Gold Mining Stocks – Short, Medium & Long Term

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8. 3 Critical Drivers for Gold, Silver & Their Relative Securities

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gold mining

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13. Gold Projected to Reach $4,000/ozt. Sometime Between Late 2015 & Mid 2017! Here’s My Rationale

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< p>< p>< noscript>”gold-bar5″I am not predicting a future price of gold or the date that gold will trade at $4,000, but I am making a projection based on rational analysis that indicates a likely time period for gold to trade at $4,000 per troy ounce. Yes, $4,000 gold is completely plausible if you assume the following:

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buy-gold

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17. New Analysis Suggests a Parabolic Rise in Price of Gold to $4,380/ozt.

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< p>< p>< p>< p>< noscript>”gold-bars4″According to my 2000 calculations, if interest rates and inflation stay constant over the next 2 years, we could expect to see (with 95.2% certainty) a parabolic peak price for gold of $4,380 per troy ounce by then! Let me explain what assumptions I made and the methods I undertook to arrive at that number and you can decide just how realistic it is. Words: 740

18. The Future Price of Gold and the 2% Factor

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< p>< p>< p>< p>< noscript>””It is my contention that the price of gold rallies whenever the U.S. dollar’s real short-term interest rate is below 2%, falls whenever the real short rate is above 2%, and holds steady at the equilibrium rate of 2%. Furthermore, for every one percentage point real rates differ from 2%, gold moves by eight times that amount per year. So if the real rates are at 1%, gold will move up at an 8% annualized rate. If real rates are at 0%, then gold will move up at a 16% rate (that’s been about the story for the past decade). Conversely, if the real rate jumps to 3%, then gold will drop at an 8% rate. [Let me explain.] Words: 982

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< p>< p>< p>< p>< noscript>”gold-bars4″This is not a typical bull market. Gold is not rising in value, but instead, currencies are losing purchasing power against gold and, therefore, gold can rise as high as currencies can fall. Since currencies are falling because of increasing debt, gold can rise as high as government debt can grow. Based on official estimates, America’s debt is projected to reach $23 trillion in 2015 and, if its correlation with the price of gold remains the same, the indicated gold price would be $2,600 per ounce. However, if history is any example, it’s a safe bet that government expenditure estimates will be greatly exceeded, and [this] rising debt will cause the price of gold to rise to $10,000…over the next five years. (Let me explain further.] Words: 1767

20. Gold Might Spike to $2,600 in June and $4,866 in January 2015

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21. These 40+ Analysts See Gold Going to $5-6,000 (on average) By Late 2014/Early 2015

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Analyst after analyst (in excess of 170 at last count) has been forecasting what the parabolic peak price for gold will eventually be. That being said, however, only 43 have been bold enough to include the year in which they think their peak price estimate will occur and they are listed below. Take a look at who is projecting what, by when and why. Words: 400

22. Coming Move In Gold Will See It Reach $3,200 by Late 2014 or Early 2015

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The breakdown after the QE4  announcement, and now the extreme move into a yearly cycle low has, I  daresay, convinced everyone that the gold bull is over. I would argue that it is impossible for the gold bull to be over as long as central  banks around the world continue to debase their currencies [and that] gold is just creating the conditions – a T-1 pattern – necessary for its next leg up to what I expect to be…around $3200 sometime in late 2014 or early 2015. [Let me explain.] Words: 560; Charts: 3

23. Past Bubble Movements Suggests a Parabolic Peak Price of $9,000 for Gold & $250 for Silver Is NOT Unreasonable – Take a Look

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Bubbles tend to follow the 80/20 ratio indicated in the Pareto Principle where approximately 80% of the price move occurs in the LAST 20% of the time. That being the case it would appear that gold and silver could conceivably top out around $9,000 per troy ounce and $250/ozt respectively .This is not a prediction of future prices of gold and silver; it is an indication of what could happen in a speculative bubble environment based on the history of previous bubbles. Words: 1280; Charts: 1