RE:RE:RE:Rick Rule - Gold to Triple in 5 years !! Futures is a crapshoot
"the longer term, Canada’s Scotiabank forecast that the gold price could average $1,850 per ounce in 2022 and drop to $1,700 an ounce in 2023.
In their latest note, ANZ’s analysts were bearish in their long-term gold price outlook. They predicted that the price could slide to $1,750 by the end of June and $1,600 per ounce by the end of December, averaging $1,725 for the year. They forecast that the price could decline further to $1,400 by the end of September 2023 and average $1,458 next year.
Analysts at Dutch bank ABN Amro were more bearish in their gold price prediction for 2022, expecting the price to average $1,500 and then fall further to $1,300 in 2023."