Silver Dollar Values Prices Skyrocketing, Experts: 2013 Gold Prediction $1,900 - Gold Prices

Silver is set to outperform gold in the present accommodative policy atmosphere, particularly as danger sentiment remains usually buoyant. My recommendation is to buy silver today and protect your wealth. Read on...
Spread the Word
Listed Under

Silver Dollar Values
Silver Prices
Gold Prices
Silver Coins
Gold Coins


Seattle - Washington - US

Dec. 13, 2012 - PRLog -- The banking giant UBS is keeping its outlook for gold to rise to an average price of $1,900 an ounce in 2013, the bank stated Wednesday. The bank’s 2013 silver forecast is $36.80 an ounce, not a lot different from UBS’ prior expectation of $36.90. UBS lowered its forecasts for platinum group metals, even though it still looks for average prices to become greater than present levels. Platinum is now expected to average $1,740 an ounce next year, in comparison to its prior forecast of $1,800. Palladium is noticed at $780, in comparison to $825 previously. How high will silver go? Learn more >>

“We stay gold bulls,” UBS stated in a commodities overview. “Ongoing uncertainty about U.S. fiscal problems, with each other using the view that significant central banks will maintain loose monetary policies for longer, are important supports of our outlook. We also anticipate that the politicians will stop the U.S. from going over the fiscal cliff, with an 11th-hour agreement.”

Such a bargain wouldn't necessarily be unfavorable for gold, given its positive correlation with risky assets, and its lack of a fiscal premium, UBS stated.

“A compromise lacking specifics would advantage gold inasmuch because it disappoints these searching for long-run fiscal discipline,” UBS stated. “Gold’s ‘X-factor’ is really a ‘cliff’ resolution that consist of a lift to the debt ceiling which, in turn, increases the likelihood of ratings agency action, boosting gold's recognition in 2013.” Rare Coins, Silver Coins, Gold Coins, Learn more >>

UBS recommended the upside price danger to gold from further Federal Reserve balance-sheet growth has been largely overlooked, although gold has tended to react more to monetary than to fiscal policy this year. Implementation of the European Central Bank’s Outright Monetary Transactions, plus additional Bank of Japan easing, would also support gold, UBS stated. A weaker outlook for the Japanese yen would also help gold, since this would mean some flight-to-quality flows might be redirected to gold, UBS stated. Continued official-sector purchasing will compensate for continued “sluggish” physical demand, the bank included.

“Silver is set to outperform in the present accommodative policy atmosphere,
particularly as danger sentiment remains usually buoyant,” UBS stated. “Barring any significant risk-off occasion, we anticipate this trend to continue in 2013 against the backdrop of QE (quantitative easing) in the Fed and loose monetary policy from other important central banks.”

For day-to-day paths, silver is most likely to look toward gold for guidance, UBS stated. In the end, investor demand will drive silver more-so than fundamentals like supply and fabrication demand, UBS stated. “The price is consequently most likely to become more buoyant than what might be recommended by supply and demand fundamentals,” the bank stated.

In the mean time, the threat of further South African supply disruptions is supportive for platinum, UBS stated. “We look to the bi-annual wage negotiation season in Q2/Q3 as a conflict occasion for the business, particularly in this area of potent labor unions,” UBS stated. “Also, UBS economics anticipate a better development story in 2013, that will support auto & industrial demand development.”

When it comes to Europe, greater emissions regulations should mean greater auto-catalyst demand development that compensates for ongoing weakness in European auto sales, the bank added.

On the other hand, UBS characterized palladium as the precious metal with the “most robust” fundamentals. Far better economic development should drive demand for auto catalysts at a time when supply continues to be constrained, with expected sales from shrinking Russian state inventories of just 200,000 ounces in 2013, UBS stated. My recommendation is to buy gold and buy silver today before the fiscal cliff has a hangover! How high will silver go? Learn more >>
Source:Jan Morgan
Email:*** Email Verified
Tags:Silver Dollar Values, Silver Prices, Gold Prices, Silver Coins, Gold Coins
Industry:Business, Finance
Location:Seattle - Washington - United States
Account Email Address Verified     Account Phone Number Verified     Disclaimer     Report Abuse
Janet Blint PRs
Trending News
Top Daily News
Top Weekly News

Like PRLog?
Click to Share