NBF Increases 2008-2011, Long-Term Gold, Silver Forecasts
Source: Mineweb.com (10/2/07)
National Bank Financial metals analysts Tanya Jakusconek and Brian Christie Monday revised their future gold forecasts upward predicated on a "positive mix of historic price drivers and support gold market fundamentals."
Their revised estimates remain unchanged for this year at $675/oz average price, then increase from the previous $675/oz to $725/oz for 2008, and are boosted from $625/oz to $700/oz in 2009. For 2010 forecasts were reviewed upward from $575/0z to $650/oz, and for 2011 onward $600/oz up from $525/oz.