by Tim Smith, Daily Pfennig:
Earlier this year, we asked readers of the Daily Pfennig® newsletter where they envisioned the price of gold to be at the end of 2015, and the results may not come as a huge surprise to most of you.
With the price of gold starting the year at about $1,200 per ounce,1 the overwhelming majority of those polled predicted a higher price at year-end. The results were spread out across the tiers when trying to determine where the price would eventually land, but the tier that garnered the most votes was the top tier, with almost a third of voters predicting gold to end the year above $1,600 per ounce.
On the flip side, only 13.82% of those responding thought that gold would end the year below $1,200. Only time will tell who ends up being right, but as we cross into May, gold is still hovering around $1,200 an ounce. That means gold will need to see a fairly large move in the price during the remainder of the year to approach what many of you think the price will be.
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