gold may crack $us2000 price on demand in ch.., page-2

Here is another guesstimate. Best to not rely too much on any of them but DYOR.

CPM said that by late February, many market observers still were predicting sharply higher prices for 2012, with spikes to $2,000 or more. “Such a spike seems unlikely to CPM Group, which suspects that the peak in September last year may provide to have been the cyclical peak in an ongoing bull market,” according to the analysis in the yearbook.

CPM said, however, that while it does not expect gold prices to make a new intraday high in 2012, “it does not expect gold prices to slip below $1,400 this year.”