SHORT TERM IMG SHARE PRICE PREDICTIONPeople are asking me what my short term prediction will be for IMG share price. Well here is my rational and estimate: during the next two weeks, I predict gold will move into the range of $1,800. The increase in the gold price is based on seasonality factors. Today, I read that the India population has started to buy gold as they normally do during their festivity season. Jewelers across the world start buying their gold and building their inventories for the upcoming holiday season.
The IMG share price should move into the $3.50 to $4.00 range along with the increase in the gold price.
Moreover, if there is no ownership in the company change during the 3rd quarter, I can see that the TD Bank will follow the masses and increase their current estimate from $6.00 CDN back to their original estimate of $7.50. That’s what my crystal ball is telling me and it’s my best guesstimate at this time.