Gold Price $1400 In 2015 According To Sterne Agee
Post# of 9903
Posted On: 12/07/2014 2:29:28 AM
Re: bigmoneytrader #5518
Gold Price $1400 In 2015 According To Sterne Agee
In a precious metals update, analysts Michael Dudas and Satyadeep Jain from the investment bank Sterne Agee, forecasted that both gold and silver prices will trend higher in 2015. According to their report, there are three key reasons at the center of their thinking:
global demand for gold remains firmglobal liquidity remains amplethe dollar appears overbought.
The analysts expect the gold price in 2015 to average $1,400. For the year after, in 2016, they believe the gold price will trade at $1,450 on average.
Silver should follow gold higher. The analysts expect a silver price of $19 in 2015 and $21 in 2016.
For gold stock investors, the analysts suggested looking at these senior gold miners: Newmont Mining, Agnico-Eagle Mines, Coeur Mining and Gold Resources.
Dudas and Jain write:
Gold mining management have been quite focused on capital and cost initiatives in attempts to adjust their business towards a lower realized price range. Like the underlying metals, we believe the shares appear to be finding a base level of valuation. With investor sentiment still quite skeptical, any supportive macro news flow could provide fuel for a rally. We rate Newmont Mining, Agnico-Eagle Mines, Coeur Mining and Gold Resources as Buys, with Barrick Gold, Hecla Mining and Pan American Silver rated Neutral. We have lowered our PT for Coeur from $14 to $10.
http://goldsilverworlds.com/price/gold-price-...erne-agee/
In a precious metals update, analysts Michael Dudas and Satyadeep Jain from the investment bank Sterne Agee, forecasted that both gold and silver prices will trend higher in 2015. According to their report, there are three key reasons at the center of their thinking:
global demand for gold remains firmglobal liquidity remains amplethe dollar appears overbought.
The analysts expect the gold price in 2015 to average $1,400. For the year after, in 2016, they believe the gold price will trade at $1,450 on average.
Silver should follow gold higher. The analysts expect a silver price of $19 in 2015 and $21 in 2016.
For gold stock investors, the analysts suggested looking at these senior gold miners: Newmont Mining, Agnico-Eagle Mines, Coeur Mining and Gold Resources.
Dudas and Jain write:
Gold mining management have been quite focused on capital and cost initiatives in attempts to adjust their business towards a lower realized price range. Like the underlying metals, we believe the shares appear to be finding a base level of valuation. With investor sentiment still quite skeptical, any supportive macro news flow could provide fuel for a rally. We rate Newmont Mining, Agnico-Eagle Mines, Coeur Mining and Gold Resources as Buys, with Barrick Gold, Hecla Mining and Pan American Silver rated Neutral. We have lowered our PT for Coeur from $14 to $10.
http://goldsilverworlds.com/price/gold-price-...erne-agee/
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