Price Targets for Commodities

Below is a chart highlighting the average analysts' price target for selected commodities by quarter through the end of 2007.  The expectations are in percentage terms in order to compare the commodities.  The number next to each commodity is the percentage difference between the expected price in the last quarter of 2007 and the current price.  Interestingly, oil is expected to decline steadily to -17.66% by the end of 2007 while natural gas is expected to climb 21.35%.  Gold is also expected to rise 8.44% while silver and platinum are expected to decline over 15%.  Something just doesn't seem to add up there.  Expectations for copper are the grimmest at -34.17%.

Comments

[Te.cl]

Hi there.

i found pretty interesting that grafx. i question tho... where did yo uget that info? Did you do the graf? based on wich analysts?

thanx

Te.cl

[Tom in Indy]

If you had started the graph a year earlier, it would have shown how much copper et. al. have climbed. I call these types of exercises 'Fun with Numbers'. Forgive me for not doing the research but hasn't copper soared about 400% over the last 4 years? Similar to housing in the hot building zones.

[laurie]

what a joke
did you factor in China Russia and other governments dumping their Junk USD and buying something real.

[Johan from Sweden]

Would be interesting if you did a follow up after 3 months.

[Thomas Stockmann]

For my purpose, I use that as a great contrarian indicator

[Stan]

Not confusing in the least. I see it as a clear signal that there is contrarian opportunity to sell gold, buy silver as a spread.