Ole Hansen Predictions
Head of commodity strategy at Saxo Bank
Track Ole Hansen's public market predictions and forecast accuracy. Each prediction is recorded from the date it was published to its estimated deadline, then graded correct or wrong based on the outcome.
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[31:17] which basically leaves I would say uh the the the the road open for a revisit of 5,000 before year end and then a potentially new record next year because I think the the the move towards gold the the the reason why investors have have been buying into gold for the last last few years has not gone away.
Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.
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[31:17] and then a potentially new record next year because I think the the the move towards gold the the the reason why investors have have been buying into gold for the last last few years has not gone away.
Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.
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[30:51] throughout this this process where we gone from expecting rate cuts to rate hikes really have have been have struggled to believe that that the Fed would go towards towards a rate hike. And it seems like at this point at least it's being vindicated somewhat with the Goldman Sachs and others also saying well the market's pricing in too much in terms of rate hikes because we may actually see the next move as being a cut.
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[4:28] with that in mind I think 6,000 is within reach in the next 12 months but it does obviously depend as well how deep the correction is going to be.
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[34:12] if we talk again a couple of years from now, I would imagine that we're seeing uh oil trading at least up into the 80s, perhaps in the '90s.
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