I read it from street inside web site. By 2011, gold price to $1,450.Warning:Youm must verify info & consult own adviser before buy or sell.
just remember goldman sach's was selling sub prime bundles to foreign investors bragging about how great they where -- then turning around and shorting them -- i would't buy a used car from this outfit
Yep, whenever GS comes out with a price target like that, you know it's time to sell.GS is selling, why aren't you?
and if you don't believe what this poster said, gold is down big from GS's upgradewake up folks, gold could be cut in half in a year
I remember in late June, 2008 when oil was around $135 a barrel, and Goldman upgraded oil to $150 and said it would get there by July 4th of that year.It never got there. Then oil proceeded to fall over $100. D'oh!
OOPs. Sorry, make that 2.2K
That is perfectly doable. Recently, CNBC calculated that for gold to reach its 1980 peak in current dollars it would have to hit 22k
and gold went down.
Of course it did. GS did their usual. Pump to your face and sell behind your back. It's how they survived the MBS debacle that took out Bear and Lehmans and crippled the economy.