As you know ML has just upgraded their 12-15 month Gold price forecast to US$1500. Well just to see how accurate they can be I decided to do a search and it appears that they are spot on so far with their preditions of Gold.
High gold prices, supported by supply and demand fundamentals, has prompted
Merrill Lynch analysts Monday to substantially increase gold price forecasts to an
annual average of $1,000/oz by 2009.
Author: Dorothy Kosich
Posted: Tuesday , 12 Feb 2008
http://www.fullermoney.com/content/2008-02-12/Mineweb-MerrillRaisesGoldSilverForecasts12Feb08.pdf
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