gold price rebound above 900 :. macquarie, page-2

Gold $874.20 up $18.40 overnight.....You will enjoy the notes below. Gold bulls evrywhere.


and yet more supporting the Macquarie view...

http://www.purchasing.com/article/CA6533792.html
Merrill Lynch sees $1,000 gold by 2009
Analysts also forecast silver prices as well
By Tom Stundza -- Purchasing, 2/20/2008 9:36:00 AM
Merrill Lynch analysts Michael Jalonen and Jeffrey Schok have increased their gold price forecasts to an annual average of $1,000/troy ounce by 2009, citing stagnant production and robust jewelry demand. They also are predicting increased silver prices. Supporting their view is the fact that these precious metals are selling at a three-week high in Asia as a rise in crude oil and a weakening U.S. dollar boosted the appeal of bullion as a hedge against accelerating consumer prices.

The analysts now expect gold to average $925/oz this year and $1,000/oz in 2009 (up from $750/oz and $800/oz respectively), saying in a Mineweb.com report that “the higher gold prices should be supported by positive supply-demand fundamentals.” The analysts expect global mine production to be stable in 2008, “chiefly as a result of lower than anticipated supply from new mines and lower grades at maturing operations," they wrote. ends.

And you will love this....

Gold Could Hit $1200 By Early 2009
April 08, 2008
http://seekingalpha.com/article/71564-gold-could-hit-1200-by-early-2009?source=feed

"...the large amounts of liquidity entering the financial system and pressure on other commodities should ensure that gold rises significantly higher"

"Among the scenarios Mr. Murenbeeld laid out for gold prices, the “most likely” one is where the U.S. dollar index falls about seven points from the first quarter of 2008 through the third quarter of 2009. And this suggests gold prices will be in the range of $850 to $950 per ounce at the end of that period, he noted.

Another scenario where the dollar plunges around 10 index points during the next six quarters is much more bullish for gold, with prices expected to rise to $1200 in early 2009."