We believe it is a 50-50 proposition as to whether gold prices will be higher or lower in 2013. One primary input is the November US election, but they are others. While we are currently in favorable seasonal pattern for gold (Fall/early Winter), we are often inclined to trade short these metals on many days as we are long. This was especially true of silver over $36 whose stellar out performance since 2010 we forecast to wane post April 2011. We had suggested shorting silver at $37 and again at $31 earlier this year, but when Silver did not break $26, we had to cover. We are likely to reshort again, however, the astro is not as favorable as before and hence this would be more a fundamental/technical play.
But even should gold only average
$1475 or even $1200 for the next 3 years that repre
indicates we have reached or changed price target - up or down -
after quarterly forecast.
Blue indicates we recommended buying in some portfolios.
|| 2012 - 2013
|FRANCO-NEVADA||FNV-T||3||3||$C 45||$C 55|
|I AM GOLD||IAG||3||2.5||16||20|
|GOLD BUGS INDEX
|AMEX GOLD MINERS EFT||GDX||3||3||46||56|
|AMEX JUNIOR GOLD MINERS ETF||GDXJ||3||2.5||24||30|
|email THE ASTROLOGERS FUND|
|Gold Web Links|
|Return To Main Menu|