favor both the (gold) ETFs and the actual spot OTC market

2000 in 2012 as rally cools

MONTREAL (Reuters) Gold Canada Goose online rally will extend beyond $2,000 an ounce in the next year, but won match the buy canada goose jacket record breaking Canada Goose Parka 50 percent surge of the last 12 months, according to an annual survey of gold investors and analysts at the world biggest buy canada goose jacket cheap bullion traders event.

An employee arranges gold jewellery in the counter as her arm is reflected in the mirror at a gold shop in Wuhan, Hubei province August 25, 2011. REUTERS/Stringer

Canada Goose Jackets With no let up seen in the financial canada goose coats https://www.canadagooseoutletcoats.com markets uncertainty that fanned the safe haven investment spree, bullion is expected to rise to $2,019 an ounce by November 2012, according to an anonymous survey of delegates at the conclusion of the London Bullion Market Association (LBMA) annual conference on Tuesday. That is about 12 percent above current levels. Canada Goose Jackets

canada goose black friday sale If history is any guide, the consensus view Canada Goose Outlet from the biggest gathering of gold market traders, experts and users may prove too conservative for uk canada goose outlet the past three years, prices have outpaced the survey. A year Canada Goose sale ago delegates predicted gold would rise to $1,450 in 12 months; on Tuesday it hit $1,800. canada goose black friday sale

canada goose deals Most were optimistic on the canada goose black friday sale outlook in spite of the past month extraordinary volatility, canada goose coats on sale which has caused some traders cheap Canada Goose to question gold credentials as a haven of stability. But few expect a repeat of the past year torrid rally. canada goose deals

cheap Canada Goose heard so much about the perfect storm that has driven gold to where it is now, that the odds of it Canada Goose Jackets increasing a similar amount have to be a lot less, Robin Bhar, an analyst at Credit canada goose uk canada goose outlet store outlet Agricole, told Reuters at the conference. cheap Canada Goose

Canada Goose sale are good reasons why gold has been taken to where it has, but can we really assume that those factors are going to remain, for it to power on to $3,000, $4,000? We are assuming global GDP will grow and the fear factors will lessen, so there will be less reason to be owning gold. Canada Goose sale

Well over 500 analysts, traders, fund managers, refiners and miners, as well as official sector and wider industry delegates, attended the meeting, one of the canada goose uk shop most significant in Canada Goose Coats On Sale the precious metals calendar.

buy canada goose jacket cheap Attendance at the meeting has swelled as gold has become an increasingly sought after asset in recent years, with prices hitting a record $1,920.30 an ounce on September cheap canada goose uk 6. They have since retreated, however, and are down 2.5 percent so far this month after a period of intense volatility. buy canada goose jacket cheap

higher levels of volatility is a function of increased economic uncertainty. but canada goose clearance it doesn portend a reversal of the gold market, HSBC analyst Jim Steel, who has a 2012 gold forecast of $2,025 an ounce, said on the sidelines of the conference.

canadian goose jacket macroeconomic climate remains positive for gold. The fact that there a high level of volatility in the market doesn take away canada goose clearance sale from its safe haven status. You got to look at it over time compared to paper assets. If it were treated as a currency, it would have outperformed every other currency in the last 12 months. canadian goose jacket

canada goose coats John Fallon, president of hedge fund Pia Capital Management, said gold is an orbit by itself among commodities and remains his favorite investment in the sector, due to its high liquidity canada goose and the support offered by solid physical demand. canada goose coats

canada goose coats on sale still has our undivided interest, he told Reuters at the conference. favor both the (gold) ETFs and the actual spot OTC market. canada goose coats on sale

There were few outright bearish views.

canada goose clearance Christoph Eibl, CEO and founding partner of the $2 uk canada goose billion Swiss canadian goose jacket commodity hedge fund Tiberius Group, was a rare voice of stern caution, warning that gold could fall back below $1,000 an ounce in line with production costs for miners. canada goose clearance

But even Eibl, who considers himself a converted contrarian after years as an canada goose factory sale unabashed gold bug, wasn prepared to bet big against bullion newfound popularity.

Canada Goose online know it too dangerous to stand in front of a truck that may run you over, he said. Canada Goose online

canada goose clearance sale Unsurprisingly, delegates expected leading gold consumers China and India to remain main demand drivers for the yellow metal, with the World Gold Council estimating that Chinese demand could grow 10 percent this year. canada goose clearance sale

buy canada goose jacket Chinese consumers are willing to canada goose store spend more on gold canada goose uk black friday jeweler as product quality and disposable income Canada Goose Online increase, and due to the investment function of gold, Wai Chan Chan, a partner at China OC Strategy Consultants, said. buy canada goose jacket

canada goose PLATINUM FAVORED Among other precious metals, delegates forecast a platinum price of $2,163 an ounce in November next year, giving it a touch more upside than gold from its current price near $1,770 an ounce. Palladium was forecast at $826 an ounce, compared to its current $710. canada goose

Canada Goose Outlet Platinum group metals prices will have to rise, or the rand to weaken, to ease pressure on South African platinum miners, Aquarius Platinum chief executive Stuart Murray argued in a well received presentation on Monday. Canada Goose Outlet

canada goose store Once tax, royalties, costs and investments were taken care of, he said, shareholders and capital providers were seeing a return of less than 3 percent. canada goose store

Canada Goose Parka reality is that for us, for the risks that are taken, for the effort that goes into mining an ounce of platinum, returns greater than 3 or 4 percent are needed, he said Canada Goose Parka.

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