Nice to see a growing number of analysts that are publicly willing to table very generous future prints on the price Gold. I'm even more impressed with the subset of investment advisors who don't mind laying their cards on the table for all players to see. It wasn't all that long ago their number was zero fearing their clients would lable them as nuts and take their investments elsewhere. How times have changed as growing sums of wealth embrace Gold and fears are shifting (rightfully so) towards solvency of governments and banks. At any rate I'm a little perplexed by two of the predictions quoted:
5. Jim Sinclair: $3,000 – $5,000 (by June 2011);
5. Martin Armstrong: $5,000 (by 2016);
I was under the impression that Sinclair's prediction was based on Armstrong's forecast now that $1640 failed to materialize in January. Or perhaps it is that Armstrong has defined two possible outcomes for $5000 Gold - one of them targetting this Summer and failing that, out another 5 years hence. Comments welcome!