- Couldn't they have told us 3 days and $65 ago? Gold's 2013 rally won't last, says Goldman's Jeff Currie, sticking with his $1,050 per ounce price target. The reasons for the metal's move this year - the U.S. weather-induced economic slowdown, worries of Chinese credit, and tensions in Ukraine - are set to become non-factors, he says.
- Firmly in the camp that the economy hasn't caught cold, Goldman says look to the next several weeks of economic data releases to begin confirming the Fed's hawkish message.
- As for China, Currie sees a gradual wind-down of that credit boom that could hit U.S. growth, but not significantly so. Unless there's further escalation in Ukraine, says Currie, that's become an old story as well.
- GLD +0.6% today.
- ETFs: GLD, IAU, PHYS, SGOL, UGL, DGP, GLL, DZZ, UGLD, DGL, GLDI, DGZ, AGOL, DGLD, TBAR, UBG, GLDE, GYEN, GEUR, GGBP
at CNBC.com (Tue, 4:01PM)