BMO raises 2008-09 Gold Price Forecasts

Source: Mineweb.com (10/22/07)

BMO Capital Markets has increased its 2008 and 2009 gold price forecasts to $800/oz, as well as raising the long-term forecast to $600/oz.

BMO Capital Markets has increased its 2008 and 2009 gold price forecasts to $800/oz, as well as raising the long-term forecast to $600/oz.

"Reflecting the view that other precious metals prices cluster around the broad trends set out by gold and considering each metal's unique fundamentals, we have also increased our price forecasts for silver, platinum, palladium and rhodium," said analysts Bart Melek, David Haughton, Andrea Cheung, Craig Miller, and John Hayes...

In their analysis, BMO noted that gold has outperformed most major stock markets, broad base metal price indices, currencies and bonds so far this year. "Recent physical supply/demand developments notwithstanding, the dropping U.S. dollar, inflation concerns and, more recently, a waning appetite for risk among investors were key in bringing gold to recent highs," the analysts said, adding that these will be important factors in pushing gold prices toward the $800/oz annual average price target.

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."