Friday, January 29, 2010

Prediction of Gold Price for Year 2010

Notegolddiamond-





Here the prediction of gold price for the year 2010 from 72 expert that consolidated by Mineweb and the prediction by LBMA (London Bullion Market Association). Why mineweb ? as they state at the article gold prediction here, the results of the 2009 Mineweb Gold Price prediction competition in which Mineweb readers have again done better overall than a panel of ‘experts' although only marginally so. Here the list :

Prediction of gold price 2010 from Mineweb
     High: $1577.71
     Low: $996.14
     End June: $1216.54
    Year End: $1433.39
    Average: $1,264.57

Prediction of gold price 2010 from LBMA Experts
     High: $1394,
     Low: $983,
     End June: $ N/A,
     Year End: $ N/A,
     Average: $1,199.


As a comparison, here is the list of gold price prediction from both of them that issued at the beginning year of 2009

LMBA                        Mineweb
   High: $1218                   High: $1370         
   Low: $810                     Low: $773           
   End June:                       End June: 1216.54
   Year End: $1104           Year End: $1184  
   Average: $973               Average: $1003    


It is clearly seen that gold prices will remain high in the year 2010, data collected from mineweb. Happy analysing, and be carefull in doing your business......see u

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