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The end of QE could make gold "obsolete," says UBS, lowering its 12-month price target to $1.050...

The end of QE could make gold "obsolete," says UBS, lowering its 12-month price target to $1.050 from $1,750 previously. In an environment of low inflation and the dollar on the "strong side," gold status as insurance against a very expansionary monetary policy just won't make a lot of sense to investors. Gold's (GLD) 0.7% higher this morning as the PBOC signals it's getting a little less tight.
Comments (20)
  • Common Guy
    , contributor
    Comments (79) | Send Message
     
    "The end of QE"...

     

    IF the market goes down another 7-8% QE would be here to stay.The Federal Reserve abets the maniacal markets by catering to short term swings.
    25 Jun 2013, 07:19 AM Reply Like
  • Ohrama
    , contributor
    Comments (504) | Send Message
     
    Yes, we have suddenly become economically strong, zero current account balance, all our expenditures are under control and we have surplus at every level, we got our job growing machine running faster and faster and our citizens have no debt and are floating in money to indulge the way we were before. So, the gold will go back to $300 Oz!!
    25 Jun 2013, 07:25 AM Reply Like
  • kvatchik
    , contributor
    Comments (499) | Send Message
     
    You Sir is conspiracy theorist!
    25 Jun 2013, 07:29 AM Reply Like
  • thrash
    , contributor
    Comments (120) | Send Message
     
    - Another day, another gold price expert.
    25 Jun 2013, 07:35 AM Reply Like
  • The_Hammer
    , contributor
    Comments (3805) | Send Message
     
    "make gold obsolete." = "The Death of Equities"
    25 Jun 2013, 07:36 AM Reply Like
  • recseville
    , contributor
    Comments (2) | Send Message
     
    If QE ends so does America.
    25 Jun 2013, 08:44 AM Reply Like
  • DeepValueLover
    , contributor
    Comments (8132) | Send Message
     
    Gold will hit $1800 by Easter.
    25 Jun 2013, 08:44 AM Reply Like
  • abdul raab
    , contributor
    Comments (72) | Send Message
     
    The banks are all in cahoots. Kinda scary, but they will fail before gold does.
    25 Jun 2013, 09:19 AM Reply Like
  • bertrandrighi2
    , contributor
    Comments (37) | Send Message
     
    "Lie. Lie more. Don't fear your lies would be too big. Lie again and again. Be sure that finally a good part of your lies will be screwed in people's heads, and taken for granted."

     

    Adapted from Arthur Goebels, in charge at the Ministry of Propaganda under the Nazi Regime.
    25 Jun 2013, 10:34 AM Reply Like
  • whaddyamean?
    , contributor
    Comments (514) | Send Message
     
    The last time I witnessed so many savants in total mutual agreement was when they were all shouting: "Buy AAPL; it's going to hit 1,000".

     

    Unfortunately, the smartest guy in the room usually turns out to be the person you neither saw nor heard.
    25 Jun 2013, 10:50 AM Reply Like
  • The_Hammer
    , contributor
    Comments (3805) | Send Message
     
    whaddya, where was the gold bubble? Most people I know own none or do not even care. the price of silver and gold are down 30-50%. all i hear now is gold is going 300 to 500, gold is falling to 800 gold will break 1,000. Gold is obsolete. No mention that miners are cutting 30-40% of staff or all in sustaining costs are 1300 an oz on avg. or that china and russia are soaking up as much gold as possible. Buy a physical gold allocation now.
    Yes apple maniacs were saying apple to 1000, but now they have been silenced at under 400. Getting close to a buy.
    25 Jun 2013, 11:06 AM Reply Like
  • Common Guy
    , contributor
    Comments (79) | Send Message
     
    People need to ignore these rabid sell side analysts. They have the same value a tick has to a dog...
    25 Jun 2013, 11:10 AM Reply Like
  • abdul raab
    , contributor
    Comments (72) | Send Message
     
    They are also in cahoots with the Fed, which is the scariest part of it
    25 Jun 2013, 11:22 AM Reply Like
  • dutchdawg
    , contributor
    Comments (4) | Send Message
     
    "Sell ,sell,sell your gold ....
    25 Jun 2013, 01:56 PM Reply Like
  • SoldHigh
    , contributor
    Comments (995) | Send Message
     
    Funny how these amateurs always lower their targets AFTER the crash.
    25 Jun 2013, 07:09 PM Reply Like
  • solarcircle
    , contributor
    Comments (282) | Send Message
     
    If economies around the world are improving, there is no inflation and banks are doing a good job and telling nothing but the truth then you are correct and gold will plummet. You of course do not live on the same planet I do.
    25 Jun 2013, 09:13 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (3572) | Send Message
     
    Gold IS plummeting...
    26 Jun 2013, 07:50 AM Reply Like
  • brbritt
    , contributor
    Comment (1) | Send Message
     
    SO many of the analysts that are saying to sell gold owned NONE of it in 2005 when I was accumulating it. Now, all of a sudden they know when it's time to sell.
    25 Jun 2013, 09:28 PM Reply Like
  • The_Hammer
    , contributor
    Comments (3805) | Send Message
     
    "make gold obsolete" = "stocks have reached a permanent plateau"
    26 Jun 2013, 07:55 AM Reply Like
  • solarcircle
    , contributor
    Comments (282) | Send Message
     
    in the short term gold may plummet - in the longer term paper becomes worthless. I choose long term value.
    26 Jun 2013, 07:57 PM Reply Like
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