ERL 0.00% 0.3¢ empire resources limited

I agree, 2 seems to be the floor. EOFY nearly out the way....

  1. 268 Posts.
    I agree, 2 seems to be the floor. EOFY nearly out the way. Drilling results next month? First Truct to the mill next month? First gold pour next month with any luck, Gold price holding up well and set to increase.

    Bitcoin bubble on the rocks and primed for a big sting within the next 12 months. Governments can only let money funnel out of their economy anonymously for so long before they put the breaks on..

    All things seem to be in our favour right now so if Sarge and team keep working hard we will finally see some value for our investment. Happy dayz at last.

    http://goldstockbull.com/gold-price-forecast-prediction/

    USD Quoted
    2017 Gold Price Forecast: $1,500
    2018 Gold Price Forecast: $2,200
    2019 Gold Price Forecast: $3,000
    2020 Gold Price Forecast: $4,200
    2022 Gold Price Forecast: $5,000+
    The technical chart for gold can help us forecast where the price may go in 2017 and beyond. The last two advances propelled the gold price up 4X and 2.3X, respectively. If the current advance comes in somewhere between these new multiples, such as 3X, we can expect the gold price to continue above $3,000 per ounce during the current cycle.
    2017 Gold Price Predictions / Targets

    Credit Suisse looks for gold prices to hit $1,400 an ounce by the fourth quarter as U.S. real interest rates ease and central bankers maintain dovish with monetary policy.
    Gold to $1,200 in mid-2017 – Bank of America Merrill Lynch.
    David Wilson, head of metals research at Citigroup, says that gold should top $1,300 towards the end of the year as the “Trump reflation trade” reverses and subdued real interest rates, coupled with moderating dollar strength, provide “positive momentum” for the gold price.
    UBS sees an average price of $1,400 per ounce across 2017.
    Credit Suisse: Our silver price forecast increases by 12%, to $18.75/oz, in H2/16 and by 15%, to $19.03/oz, in 2017, following gold.
    Dutch bank ABN Amro, another erstwhile ultra-bearish house, revised its forecast to $1,425, adding that a Trump presidency could really see things explode.
    RBC Capital: The bank now sees gold rising to $1,500 in 2017 and 2018 compared to its previous forecast of $1,300. They see gold averaging $1,245/Oz in 2017.

    On the wildly bullish side of things, Jim Rickards believes gold could hit $10,000 by the end of 2018 when there is nobody left to bail out the banks.
    Jim Sinclair thinks gold could reach $50,000 if China decides to back their currency with gold and has been understating true reserves.
 
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