RE: All over the board Wow y put crap up here like this ya gold can go to 840 by 2014 ohoh everybody sell sell sell timber ,unreal all i got to say is keep selling cheap and i will keep buying low thanks i read some other anylist says by 2020 gold might be 50 bucks a pound ----------Original Message Posted 2/8/2010 2:23:14 PM----------
NEW YORK (TheStreet) -- gold prices could sink to $820 an ounce by 2014, in the absence of inflation or strong demand from China, says a Citigroup analyst.
Alan Heap, an analyst at Citi Investment Research, adds a bearish voiceto a crowded debate over where the precious metal is headed.Billionaire investor
James Rogers and perma-bear
David Tice say gold will hit $2,500.
James Turk , Author of
GoldMoney, predicts $8,000, while author
Mike Maloney is betting on $15,000.
Over the last decade, gold prices have soared from $250 an ounce toan all-time high of $1,227 an ounce, with many analysts believing thatgold is in a continued bull market despite short-term pullbacks. Heapbroke with this bull view by saying in a research analysis, "Gold:Paper Problems," that prices will sink to $820 by June of 2014 and headlower long term to $700 an ounce.