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KJP712
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Trade in my own account and owner of KJP Enterprises.Also Trade stocks for Family and friends.
  • All That Glitters Is Not Gold 0 comments
    Apr 12, 2013 5:30 PM | about stocks: GS

    The 12 year rally in Gold prices may be over according to Goldman Sachs - GS -.They cut their 2014 forecast down to 1350 with a caveat of a larger decline faster than they predicted.How far of a fall remains to be seen in the near future.One must wonder why this forecast at this moment? Are other countries besides Cyprus looking to sell gold to finance budget shortfalls in the near term? These questions are a legitimate response to a sudden drop of 84 dollars today.Where Gold prices end up in 2014 will be a very interesting topic for discussion.The gold miners could use a little relief from the drop in stock prices.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: GS
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