2015 gold price forecast
Yesterday, the gold spot price closed under $1,200, today as I write, the N.Y. gold spot price is down $33 to $1,165 an ounce!
Will the down trend in the price of gold keep falling or is the gold spot price near a major bottom? These are question you will have to decide for yourself.
After a decade long powerful gold rally we’ve witnessed an unrelenting decline in the spot price of gold from its high of $1,826 per ounce. Many experts (including Goldman Sachs) feel that the gold spot price will drop further. Read more
Gold Predictions 2015
Well, let’s face it, no one can really predict with any accuracy where the spot gold price will be by the end of 2015. Now, with that said, there is still some value with the predictions for the spot gold price in 2015 that are made by the insiders.
Who are these insiders? Well, in my opinion they are the commodity traders, commodity analyst and major banks.
Below I have listed some of the predictions for the gold price in 2015:
Commerzbank – first half of 2015 . A slight downward trend to a possible $1125. Second half of 2015. An upward trend with a predicted $1250 possible price. Also, that even when out on a limb here and predicted there 2016 gold price of $1300.
ABN AMRO Bank – this bank is predicting a further decline in the spot gold price for 2015. They feel it may even fit $925 an ounce.
The World Bank – this bank is predicting continuing erosion of the spot gold price with a predicted price of $1240 for 2015.
Goldman Sachs – is looking for a possible spot gold price of $1200 in 2015
HSBC – the chief precious metals analyst here is looking for a possible $1675 in 2015.
Citi Research – is looking for an average gold price of $1220 for 2015.
CREDIT SUISSE – this firm’s technical analysis team believes that the spot gold price could fall to $950 by the end of 2015.
RBC analyst Stephen Walker – is looking for a target gold price in 2015 of $1300 per ounce.
JP Morgan – is looking for a gold price of $1,220 in 2015.
Reuters over the last month returned an average gold price forecast of $1,225 an ounce for next year.
Reuters Poll – in October 2014 poll of 30 analyst, Reuters said that the consensus forecast was for a average gold price of $1225 and 2015.
Gold Predictions 2015
Nevada Gold Detecting
Metal detecting for gold nuggets in Nevada. Found 3 gold nuggets. No it isn’t Rye Patch.
Using a Minelab GPX 4500 gold detector.
Return of the Legendary Gold Detector!
The versatile GPX-4500 is a proven gold finder with many features and great performance. Incorporating Minelab’s superior Multi Period Sensing (MPS), Dual Voltage Technology (DVT) and Smart Electronic Timing Alignment (SETA) technologies it penetrates mineralised ground better and deeper than basic PI detectors.
From Wikipedia, the free encyclopedia
Gold mining in Nevada, a state of the United States, is a major industry, and one of the largest sources of gold in the world. Gold was discovered in the vicinity of Carlin in Eureka County in the 1870s, but production was small. Placer deposits were discovered in 1907, but the deposits were too small to cause much excitement. It was not until 1961 that the Newmont Mining Corporation found the large low-grade gold deposit at Carlin that the mining industry began to take notice.
In 2015 Nevada produced 5,339,659 troy ounces (166.0820 t) of gold worth $6.194 billion, representing 78% of gold produced in the United States and 5.4% of the world’s production. Total gold production recorded from Nevada from 1835 to 2008 totals 152,000,000 troy ounces (4,700 t), worth over US$228 billion at 2011 prices. Much of the gold in Nevada comes from large open pit mining using heap leaching recovery. Read more
How gold is formed
The consensus view from geologists and scientists on owl gold is formed is that fluids deep in the crust are heated by the Earth’s internal heat. … The fluids moved through the rocks over a large area and “dissolved” the gold. When these fluids cooled or reacted with other rocks the dissolved gold precipitated (came out of the fluid) in cracks or fractures forming veins.
Gold may occur as deposits called lodes, or veins, in fractured rock. It may also be dispersed within Earth’s crust. Most lode deposits form when heated fluids circulate through gold-bearing rocks, picking up gold and concentrating it in new locations in the crust. Chemical differences in the fluids and the rocks, as well as physical differences in the rocks, create many different types of lode deposits. Read more
California Gold Mine for Sale
This video was produced to help sell this California placer gold mine. Personally, I think this is a great idea to use video to sell any property and especially an active California gold mine. but, with that said I think for the vast majority of people, this video is a great way to understand and get an inside look on how a small placer gold mine operation really works.
The gentleman who is explaining the operation of this California placer gold mine goes into quite a lot of detail. Any viewer would really get a better understanding of how the classification process really works when you’re trying to find gold.
Now, I understand why they didn’t mention a price because that could change over time especially if the price of gold would spike way up. But, they also really didn’t get into any detail about the profit and loss from this operation. Yes, what I would have really liked to seen in this placer gold mining video would be a profit and loss statement based on the price of gold at the time they produced a video.
Even if there was a decent profit, one must remember that gold mining is very risky and as one area gets played out and you move your operation over just a couple of yards you may hit a pay-streek or the amount of gold that found could be way below the cost to extracted. So, I would’ve sure like to see what their actual profit and loss looks like for 2015 or 2014 when they produced this video. Read more
Gold futures settle at 15-week high
Today, April gold futures climbed $14.10, or 1.3%, to trade at $1,141.30 an ounce. Many believe that if stock market volatility continues investors are likely to continue to move some of their portfolios into gold for safety factors.
Also, the silver futures for April climbed 44 ½ cents per ounce, to close at $14.73 per ounce.
It’s interesting that while the stock market has had one of its worst starts for the new year that I can remember, the gold price seems to have been steadily climbing upward. But, then again, gold seems to do best in times of stock market stress. This inverse relationship seems to be fueled by the worry of economic uncertainty. Read more
Chinese Yuan to Replace USD as Reserve Currency
Peter Schiff on RT Boom Bust 11/17/2015:
Not many people understand the TRUTH. it not their fault because our education system is designed to keep this in the dark ….but the truth of the matter is the dollar is only 44 years old …. 1933 ended classical gold standard 1971 ended the Brenton woods system ( 40%) gold backing ….I do feel people are starting to wake up now a days …. yes hold on to your gold/silver the price is low because they are suppressing it big time . ..wonder how long that can last though. Read more
Arizona gold nugget prospecting
Gold mining in Arizona reportedly began in 1774 when Spanish priest Manuel Lopez directed Papago Indians to wash gold from gravel on the flanks of the Quijotoa Mountains, Pima County. Gold mining continued there until 1849, when the Mexican miners were lured away by the California Gold Rush.
From the latest weather forecast it seems certain that Southern California and Arizona is in for major rains this winter. If you’re into gold prospecting, you should keep in mind that thunderstorms and major rain in the desert areas moves a lot of dirt. So, now gold nuggets that may have been buried down eight or 10 inches in the ground could be much closer to the surface after dry washes fill with water and a lot of topsoil is moved downstream. Read more