Gold Prices 2011

Morgan Stanley (NYSE:MS) Raises Gold Projection for 2011

As gold prices continue to break records on a weekly basis, projections continue to rise based on a number of factors, and Morgan Stanley (NYSE:MS) has raised its forecast for gold prices in response. Morgan Stanley, “Accelerating weakness in the U.S. currency, driven by fears of renewed quantitative easing to confront sluggish U.S. growth, is proving to be a boon to commodity markets.” At a

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Barrick (NYSE:ABX) Sees $1,500 Gold in 2011

The largest gold mine in the world, Barrick Gold (NYSE:ABX), said it sees gold prices in 2011 “easily” surpassing $1,500 an ounce. Barrick CFO Jamie Sokalsky cites the underlying supports which should ensure gold continues to rise, as the reason for his optimism. Those supports include the European sovereign debt crisis which won’t go away, geopolitical circumstances, macroeconomic issues, and

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UBS (NYSE:UBS), CIBC World Markets, TD Securities Increase Gold Estimates

Last week, investment banks UBS (NYSE:UBS), CIBC World Markets and TD Securities all increased their outlook on gold prices, will all of them looking for around $1,300 an ounce or more going forward. UBS was the last of the three during the week to upwardly revise their numbers, increasing their outlook from $1,129 an ounce to $1,205 an ounce for 2010, and up to $1,295 an ounce, from $1,250 an

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Goldman (NYSE:GS) Raises Gold Forecast to $1,355 an Ounce

Goldman Sachs (NYSE:GS) upwardly revised its 12-month gold forecast to $1,355 an ounce, an increase of 1.5 percent. Most of the change was based on the threat of the sovereign debt crisis in Europe, and a long period of low interest rates. Goldman still adheres to the idea gold prices will fall sometime after 2011, once the Federal Reserve tightens the money supply. Consequently they

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Third of Goldcorp (TSE:G) Cashflow to Come From Mexico

About a third of future cashflow for Goldcorp (TSE:G) (NYSE:GG) is projected to come from Mexico, which is ramping up its latest project in Mexico, the Penasquito mine, in the third quarter. Goldcorp invested about $1.7 billion in the project, which is expected to produce close to 1 million gold equivalent ounces a year for the company. By the early part of 2011, the company should be working

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Goldcorp (NYSE:GG), Kinross (NYSE:KGC) Should be Outperformed by Barrick (NYSE:ABX), Newmont Mining (NYSE:NEM) says Deutsche Bank (NYSE:DB)

Deutsche Bank (NYSE:DB) analyst Jorge Beristain probably didn’t win any friends from Goldcorp (TSE:G) (NYSE:GG) and Kinross Gold (NYSE:KGC) today, as he upgraded major rival Barrick Gold (TSE:ABX) (NYSE:ABX), and reiterated their “Buy” rating on Newmont Mining. What he added I’m sure ruffled their feathers, as he said Barrick and Newmont should outperform Goldcorp and Kinross in the current

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