Predicting gold ores price

Ivan Kitov

MPRA Paper from University Library of Munich, Germany

Abstract: It was demonstrated that gold ores price can be predicted at a several year horizon. The prediction consists of three steps. First, we show that the difference between producer price index and the index for gold ores is characterized by the presence of sustainable mid-term trends. Second, the evolution of the difference is predicted at a five to ten-year horizon. Considering the PPI to be practically constant over the next decade, the above difference provides a direct prediction of the price index for gold ores.

Keywords: gold ores; prediction; PPI (search for similar items in EconPapers)
JEL-codes: E3 G1 (search for similar items in EconPapers)
Date: 2009-06-23
New Economics Papers: this item is included in nep-for
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:15873

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