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大 肥 年 喔 ！ ！ 🐮 my year huat ah !! 👍
bishalnb ( Date: 11-Feb-2021 09:16) Posted:
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will clear 0.005 and ...
properganda89 ( Date: 11-Feb-2021 09:02) Posted:
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2021 Gold Price to Rise 11.5%: LBMA Forecast
Thursday, 2/04/2021 12:21
Gold bear sees $1650, new bull says $2300 in LBMA' s price predictions...
The GOLD PRICE will average US$1974 per ounce across 2021, a rise of 11.5% from 2020' s record-high annual average as mass vaccinations worldwide spur a strong economic recovery from the Covid pandemic but central banks and governments continue their unprecedented monetary and deficit-spending stimulus.
That' s according to the consensus outlook from analysts entering today' s precious metals price forecast competition from the London Bullion Market Association.
Twelve of the 32 analysts predict that gold will average $2000 or more across 2021. The median forecast for 2021 &ndash with half of the forecasts above and half below &ndash is $1965 per ounce.
2020' s annual average gold price beat the LBMA entrants' consensus forecast of $1559 by 13.5%, the strongest beat in at least 15 years of the competition.
Coming in at a new record of $1770 as record gold investment offset the worst household demand since 2009, it breached the range of highest-to-lowest average forecasts for only the third time.
This year' s highest gold price forecaster, Thorsten Polleit of German small-bar brand and retailer Degussa, is a first-time entrant to the LBMA competition. Leading the next most bullish forecast by almost $140, he predicts an annual average of $2300 in 2021, with a peak at $2680 and a low of $1750 per ounce, citing " the politically dictated lockdown crisis...artificially low interest rates...[and] unprecedented growth rates [in] the money supply.
" It is far from certain that an extremely easy monetary policy will pave the way towards a sustainable economic recovery. In any case, price inflation &ndash be it in the form of consumer and/or
asset price inflation &ndash will be the result."
Gold bottomed at $1765 at end-November after the first successful Covid vaccine trials were reported by Pfizer/BioNtech.
Polleit also tops the bull forecasts for silver, some 64.9% above the LBMA competition' s average $28.50 prediction at what would be a record $47 per ounce, fully one-third above silver' s annual average peak of $35.11 in 2011.
The lowest 2021 gold price forecast comes at $1650 from René Hochreiter of Noah Capital Markets/Sieberana Research in Johannesburg. Winner in 2013 &ndash the year of gold' s historic price crash, but with a forecast over 13% away from the outcome &ndash he also won in the bull year of 2012 and again as joint winner in 2019 as well as winning silver in 2015 plus 5 other forecasts before that.
Hochreiter now forecasts one of the tightest ranges for 2021 gold prices with a spread of just 15.7% and a peak at $1840, saying that " After the fastest recovery in the history of the global equity markets, gold may see an equally sharp decline as risk and volatility fall," and pointing to this year' s consensus outlook for vaccine roll-outs, Chinese and global GDP growth, plus perhaps a US rate rise despite weak inflation thanks to businesses " scarred [by] the pandemic nightmare.
" Technically, gold has not convincingly broken out of the bear market it has been in since August 2020 and seems intent on not doing so."
Next most biggest bear at $1775 is Bernard Dahdah of French investment and bullion bank Natixis &ndash winner in 2019 for silver and 2015 for gold, when the metal set its lowest annual price in 6 years at $1160 &ndash who also expects the global vaccination programs to spark the " resumption of normal economic activity and stronger growth" and so " increase investor risk appetite, at the expense of gold."
But " notwithstanding the weak labour markets," says leading LBMA competition winner and 2020 victor in gold Ross Norman &ndash now at Metals Daily &ndash " with the recovery comes demand-pull as well as cost-push inflation, further fuelled by the higher velocity of money leading to expectations of much higher inflation."
Now predicting an annual 2021 gold price average of $2025, " we see concerns shifting from herd immunity to herd insolvency," Norman goes on, because " financial markets remain vulnerable and we think investors will continue to see gold as the near perfect antidote."
Most in line with the consensus, Japanese conglomerate Mitsubishi' s Jonathan Butler and Bhargava Vaidya of B.N.Vaidya & Associates in Mumbai predict an annual gold price of $1960 and $1970 respectively, leading their analysis with the " gold-supportive macroeconomic environment of low yields" and heavy government " relief packages round the globe."
Butler however forecasts a much more volatile gold price, predicting a 2021 range of 37.5% while Vaidya predicts a high-low gap of 20.1%, more in line with the 25.0% consensus average.
Gold sales volume increased from 6,380 ounces in 2QFY2020 to 9,722 ounces in 2QFY2021.
Average selling price of gold increased from S$2,045 per ounce (equivalent to A$2,169) in 2QFY2020 to S$2,520 per ounce (equivalent to A$2,552) in 2QFY2021.
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50% increase in gold sales volume.
25% increase in gold sales price.
Woohoo!
spursfan ( Date: 10-Feb-2021 21:11) Posted:
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will shen yao charge like this tomorrow after making two quaters of profit. hahaha!
