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With gold at a 6-month high, the analyst community gets busy raising its targets. Credit Suisse...

  • Monday, September 10, 2012, 8:59 AM ET
    With gold at a 6-month high, the analyst community gets busy raising its targets. Credit Suisse sees $1,750 within 3 months and $1,850 a year out. UBS' Edel Tully upgrades his short-term target to $1,850, but only if the Fed acts this week. Gold ETPs raised their bullion holdings by almost 2M ounces in the last month to a record 72.37M ounces.
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This news story has 6 comments:

  •  
    Gold is going to get ROCKED if the fed does not act.
    10 Sep 2012, 09:43 AM Reply Like
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    Well, it's a possible push-pull. Europe, for a change, at this particular moment appears to be a pull on the price of GLD. If the Fed were at all predictable one could argue that QE3 would exert a second pull. But they're not predictable, and I've never been able to figure out whose interests they represent - certainly NOT mine! So, I'm not quite ready to stake a claim on $1,750 GLD.
    10 Sep 2012, 10:18 AM Reply Like
  •  
    I've added to juniors on the basis of their being pummeled the last year - top spec is Guyana Gold ( GUY) link http://bit.ly/MWC1hH
    10 Sep 2012, 12:18 PM Reply Like
  •  
    No,thank you.
    10 Sep 2012, 03:40 PM Reply Like
  •  
    Maybe the gold being "rocked,, and going back to the high 1650$ but by end of the year the 2000$ inevitable... imho
    10 Sep 2012, 03:40 PM Reply Like
  •  
    Central banks,including the Federal Reserve,currently have a negative influence on gold by increasing the supply of paper currency.Many of these banks are currently increasing their gold holdings and will continue to do so until the printing of paper becomes less imperative or until some new standard of currency exchange is internationally agreed upon.In India and China,gold is seen as a dependable medium of exchange.As their wealth grows,so does their demand for metallic self preservation.Like all markets their are speculators who may or may not have a long term or longer term interest.Their participation in the markets is flexible and prices are not predictable,short term.They(gold and silver) are predictable in the long term until the Indians and Chinese do not want a solid and dependable means of exchange.
    10 Sep 2012, 03:45 PM Reply Like
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