Further to my slightly scathing comments on GT's prediction on...

Further to my slightly scathing comments on GT's prediction on the gold price, here's a very interesting article I've just read. It has a graph from a presentation given by Merrill Lynch, one of the world's larger "brokers" and clearly not one listed on the joke table of un-named brokers on page 17 of the GT report. Merrill Lynch's report was dated 18 September 2012, well before RAU released the GT report. Merrill Lynch is calling for a 9-month target of $2000/oz and and a target by the end of 2014 of $2400/oz. I'm sure GT was paid a lot of RAU's remaining cash for its report and for it not to include estimates from a "broker" like Merrill Lynch is appalling. One wonders which other brokers who share Merrill Lynch's view should have made the list?

http://www.mineweb.com/mineweb/view/mineweb/en/page33?oid=159871&sn=Detail&pid=92730