So what does he reckon this year. He always predicts three possible scenarios – Worst Case, Median and Best Case and under these three his latest analysis comes up with a gold price average for 2014 of $1182, $1307 and $1409 with a weighted average of $1311. He looks for a year end price of $1367 as his weighted average, with Worst, Median and Best as $1105, $1350 and $1575. Looking further ahead to 2015 his average price predictions on the same basis are for $1065, $1400 and $1667 respectively with a weighted average of $1438.