Dillinja,
Here's something you might find interesting. From my diary.
In 2012 15 major banks forecast an average end of 2012 gold price of $1947.
Gold ended 2012 at about $1560, the banks overestimated by 20%.
In 2013 9 major banks forecast an average end of 2013 gold price of $1877, so far they have overestimated by 36%.
Here are 3 major bank forecasts I have so far for end of 2014.
GS $1050
Citi $1250
B of A $1350
Almost certain to be overestimated.
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- a bit of fun, pog for 2014
a bit of fun, pog for 2014, page-66
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