Posts Tagged prediction competition
Mineweb’s 2012 Gold Price Prediction Competion will close very shortly. last chance to get your forecasts in and see who is this year’s gold guru!
Author: Lawrence Williams Posted: Thursday,19 Jan 2012
With Mineweb’s annual gold price prediction competition officially closing Friday, there is just a day left to get your entries in in theory. in practice we will be collating the results over the weekend so can probably squeeze a few more in if they come in by Sunday ready for us to go ahead with publication on Monday.
We have had over 70 entries and the averages of all the picks to date are as follows: Gold price high – $2228, low – $1487, year-end $1996, average for the year – $1837. Obviously Mineweb readers remain fairly bullish on the prospects for the yellow metal in the year ahead – but interestingly the predicted average price for the year is not wildly different from that suggested by most big bank analysts in recent statements, which in itself has been a remarkably bullish position for the banks to take given their usually very conservative nature.
It is interesting too that gold is beginning to become a talking point in the U.S. Presidential race with Newt Gingrich apparently joining Ron Paul in saying he believes gold should have a role in the U.S. and global monetary system. Anything that thus raises gold’s profile could beneficial in terms of realisation of investment potential – or even recognition of gold as an asset class.
For your entries, you may cut and paste the form below (Note – the full tabulation will be published after the competition closing date, but not the email addresses supplied):
MINEWEB 2012 GOLD PRICE COMPETITION
Entrant name or nickname:
Gold Price low:…
Year end Gold price: ..
2012 Average Gold Price: ..
Entrants are welcome to alter their forecasts right up until the closing date of January 20th.should events over this period cause them to change their views.
NOTE: WHOLE NUMBERS ONLY PLEASE. DECIMAL ESTIMATES WILL BE ROUNDED TO THE NEAREST WHOLE NUMBER (.50 WILL BE ROUNDED UPWARDS)
WINNERS BASED ON LBMA FIXINGS AND AVERAGES THROUGHOUT THE YEAR, NOT ON ‘SPOT’ PRICES.
PLEASE SEND ENTRIES TO editor@Mineweb.com
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