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  1. #1
    Victor started this thread.
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    J.P. Morgan slashes 2013 metals forecasts

    Take it for what it is.....

    http://finance.yahoo.com/news/j-p-mo...092055609.html



    LONDON (MarketWatch) -- Analysts at J.P. Morgan Cazenove on Tuesday lowered the price forecasts for most metals, including cutting the outlook for gold in 2013 to $1,595 an ounce from $1,745 expected previously. In the short term, the analysts slashed the gold outlook 18% to $1,450 in the second quarter, while lowering the 2015 forecast by 5% to $1,650 an ounce. The copper outlook for 2013 was cut 4% to $3.50 a pound, or $7,707 per tonne from $8,032 per tonne expected previously. For silver, the 2013 forecast was cut to $27.89 an ounce from $30.01. Gold for August delivery lost $8.60 to $1,379.20 an ounce in Tuesday's trade, while Silver for July dropped 23 cents to $22.27 on ounce. July copper added 1 cent to $3.31 a pound.

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  3. #2
    jghilino's Avatar
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    i agree with the $1,600 prediction for gold this year, i think our dynamic duo Obama-Bernake will be able to keep it at or below the $1600 level. As time goes on i dont think they will be able to keep the price suppressed. Theyve already pulled all the rabbits out of their hats, all thats left is running the presses.
    I buy and sell all types of scrap and escrap. I buy specialty and hard to sell escrap. I buy resale items. PM me or contact me at jghilino@hotmail.com
    I AM ACTIVELY BUYING ESCRAP OF ALL TYPES. BOARDS, RAM, CPUS AND MUCH MORE

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