Gold May Hit $850 Next Year

Source: Reuters (10/12/07)

"I am bullish on the metals complex and bearish on the dollar. I am still in the camp that believes that we will work towards $775 to start with, then $800 and then we could head up towards $850 at some stage," said Robin Wilkin, technical analyst at J.P. Morgan.

Gold will continue its bull run and gradually move towards an all-time peak of $850 an ounce in the next year, but the ride will not be smooth, chartists say.

Analysts, who predict future price movements by plotting past market performance on charts, say technical indicators have turned positive since last month with the metal's move to 28-year highs and the trend is likely to continue.

"I am bullish on the metals complex and bearish on the dollar. I am still in the camp that believes that we will work towards $775 to start with, then $800 and then we could head up towards $850 at some stage," said Robin Wilkin, technical analyst at J.P. Morgan.

Announcing Streetwise Live! Events
Source: Streetwise Reports (07/13/2020)

Streetwise Reports is offering 100 investors—at no charge—the opportunity to meet via Zoom with executives of precious metals companies as they discuss recent developments at their companies and upcoming catalysts.

"China's export quota could be opportunity for Canadian miners"

Mexico: Gold's Next Powerhouse Player
Source: Marc Davis, BNW News (11/03/2009)

As the world's key gold producing nations struggle mostly in vain to replenish dwindling below-ground supplies, Mexico is bucking the trend in a big way.

Where Have All the Gold Mines Gone?
Source: Brent Cook, Exploration Insights (04/14/2009)

Given the declining global gold production, mining companies’ demand for reserve replacement and the acute dearth of new gold discoveries, there is no doubt that real economic discoveries will be exceptionally valuable. . .the opportunity for stellar profits is the best it has probably ever been. Identifying the few successes, however, will require vigilant and constant technical assessment of geology and drill results, always with an eye to mine economics.

Congo Completes Mining Review, Says Majors Quit Talks
Source: Reuters (12/20/2008)

"Review process is extended an additional 45 days to allow six companies to return to the negotiating table for direct talks with government ministers."