Mmmmm yes @hudathunkit ... but these guys use absolutely inexplicable targets beyond that ... .... Absolutely inexplicable ...
Absolutely ...
inexplicable ...
AI Overview follows ...
Macquarie Bank is using a long-term gold price forecast of $2,250 per ounce in its analysis of Northern Star Resources (NST) valuation,according to Investing.com Australia.This forecast is part of a broader, updated outlook where they anticipate a period of elevated gold prices.
Here's a more detailed breakdown:
Initial Forecasts:
Macquarie initially raised their gold price forecasts, expecting a peak of $3,150 per ounce in Q3 2025 with a single-point high of $3,500.
Long-Term View:
They then increased their long-term real price outlook to $2,250 per ounce, from $2,000, suggesting sustained higher prices.
... WOW ...
they increased their long term forecast to $2250USD!! ...
Now only predicting a 34% drop in POG rather than 41% drop in POG ...
Soooo optimistic they are ...
If people believe these guys, no wonder NST has multiple days per month where it loses 10% in a DAY!
NST Price at posting:
$20.54 Sentiment: Buy Disclosure: Held
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