GOLD guru Martin Murenbeeld is predicting an average gold price of $823/oz for 2008 as positive market fundamentals bear out his earlier, bullish forecasts.Speaking at the Denver Gold Forum, Murenbeeld also forecast gold would average $683 for 2007 and end the year at $754. Murenbeeld assesses the gold market through econometric models which set out three price scenarios out of which he derives a “probability-weighted” forecast. His predictions have been remarkably accurate over the past fo…
Original Post By Google News Brendan Ryan
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