Confusing times .... or something else going on?

So every now and then I have the feeling that we are fooled in public by the financials and that they themselves are also completely in the “dark” concerning their expectations on the prices of gold in the near future.

In my mailbox of today, I received a message from the company Doijer en Kalff, a respected Dutch gold and silver dealer and most often very good informed.

In this story the outlook and performance of gold in 2018 by 2 banks are mentioned.

ABN Amro bank claiming a price of $ 1,250 per ounce
Goldman Sachs claiming a price of $ 1,375 per ounce

A difference of $ 125!

These prices are so far apart from each other that it looks that they both are in the “dark” on the market behavior of the metal.
Or are they trying to distract us from the real story?

For 2019, both banks expect the price to go higher at $ 1.400 by ABN Amro bank and $ 1,450 by Goldman Sachs.

So both banks have a same outlook for the longer turn, but for the short term they have a difference of opinion. ABN claims that the US Dollar will gain strength, what will have a negative impact for the goldprice.
As they both have a similar outlook for the longer term, you can presume that this US Dollar strength will be for a shorter period, after which it will fall back against the Euro.

Well let see how this will play out in the near future. For the longer term it remains interesting to accumulate in the precious metals.

Here is the article in Dutch only: https://www.doijerkalff.nl/goud-prijs/koersdoel-goud-1250-abn-amro-versus-1375-goldman-sachs/

Enjoy!