Philip Klapwijk of GFMS, Thomson Reuters gave a presentation in Toronto Wed 16 Jan. (see: http://www.gfms.co.uk/wp-content/uploads/Gold_Survey_2012_Update2_Presentation.pdf)
It shows quarterly forecasts in USD for POG for 2013.
FYI: In the attached plot, I have added his Q1 and Q2 predictions to a gold futures plot by Chris Vermeulen.
POG will have to rise sharply in the next month or two for Klapwijk’s predictions to be fulfilled.
Vermuelin says gold is still in a downtrend and thinks POG will top under the trend line (red) soon.
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