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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (103887)	12/3/2013 9:49:21 AM
From: Haim R. Branisteanu	Respond to of 218221

GOLD: UBS precious metals strategist Joni Teves...... 03-Dec-2013 GOLD: UBS precious metals strategist Joni Teves says UBS has adjusted its gold forecasts and now looks for gold to average $1200 in 2014, versus $1325 previously and compared to consensus at $1275. UBS makes no changes to the annual forecasts further out ($1200 estimate for 2015, $1250 for 2016 and $1210 for 2017). "The struggle for gold not only rests with the predominant selling interest amongst investors currently, but with limited positive catalysts looking forward; gold is unlikely to regain its former appeal," she says. "The yellow metal's performance this year highlights the extent to which gold has lost its allure and implies that it will take a very substantial change in the macro picture for this to be reversed," Teves adds. Spot gold holds around $1221.00/oz (range $1216.70 to $1226.10). Monday's close below the Nov 25 low of $1225.55 has market players looking for a retest of the 2013 lows around $1180.50, seen June 28. Ahead of that, the July 5 lows at $1208.58 may act as initial support.