- Prison Planet.com - http://www.prisonplanet.com -
Gold Prices Not In A Bubble – Deutsche Bank
Posted By admin On September 29, 2010 @ 3:50 am In Money Watch | Comments Disabled
Kitco News 
Sept 29, 2010
Until prices hit $2,000 an ounce, the gold market is still “some way” from displaying the characteristics of a bubble, according to major bank research note.
In its commodities quarterly report released Tuesday, Deutsche Bank said while “market concerns are focusing on the magnitude and duration of the gold price rally,” values would need to move above $1,455 to be considered extreme in real terms. They said the accommodations the Federal Reserve may make to prop up the U.S. economy could mean more quantitative easing by the next Federal Open Market Committee meeting in November. Combine this with seasonal weakness for the U.S. dollar in the final four weeks of the year, and further gains for the precious metals complex are possible.
The bank slightly lowered its 2010 average price forecast for gold by 2.8% from its previous estimate to $1,211, but did not say why. It maintained its 2011 price target of $1,450.
For the other precious metals markets, the bank lifted its 2010, 2011 and 2012 average price estimate from previous calls for silver and palladium and lowered its price target for rhodium for the next five years. It slightly lowered its 2010 forecast for and platinum and left unchanged the 2011 outlook.
Article printed from Prison Planet.com: http://www.prisonplanet.com
URL to article: http://www.prisonplanet.com/gold-prices-not-in-a-bubble-%e2%80%93-deutsche-bank.html
URLs in this post:
 Kitco News: http://www.kitco.com/reports/KitcoNews20100928KN.html
 Having A Supply Of Healthy Foods That Last Just Makes Sense (AD): http://www.efoodsdirect.com//index.html?aid=14&adid=43
 Image: http://www.homegain.com/homevalues
 Top Macquarie Strategist: Gold Is A Dangerous Bubble… And Prices Could Still Grow Many Fold From Here: http://www.prisonplanet.com/top-macquarie-strategist-gold-is-a-dangerous-bubble-and-prices-could-still-grow-many-fold-from-here.html
 Gordon Brown Sold Britain’s Gold at Artificially Low Prices to Bail Out a Large American Bank: http://www.prisonplanet.com/gordon-brown-sold-britain%e2%80%99s-gold-at-artificially-low-prices-to-bail-out-a-large-american-bank.html
 Will Silver (And Gold) Prices Rise Now that the Feds Are Launching Criminal and Civil Investigations Into Manipulation of the Silver Market?: http://www.prisonplanet.com/will-silver-and-gold-prices-rise-now-that-the-feds-are-launching-criminal-and-civil-investigations-into-manipulation-of-the-silver-market.html
 Manipulated U.S. Rates Seesaw Gold Prices: http://www.prisonplanet.com/manipulated-u-s-rates-seesaw-gold-prices.html
 Second Dutch Bank To Follow ABN Amro, Close Gold Accounts: http://www.prisonplanet.com/second-dutch-bank-to-follow-abn-amro-close-gold-accounts.html
Copyright © 2013 PrisonPlanet.com. All rights reserved.