Gold has another 10% upside this year, according to Commerzbank analysts who see the price...


Gold has another 10% upside this year, according to Commerzbank analysts who see the price reaching $1,900. Acknowledging a doubling in speculative long positions in the metal over the last 2 months, the team says this occurred from a very low level and remains nowhere near extreme bullishness. (More price target increases)

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Comments (4)
  • jbassbia
    , contributor
    Comments (394) | Send Message
     
    Link to the Commerzbank forecasts : http://bit.ly/MWC1hH Sept. 10
    10 Sep 2012, 02:46 PM Reply Like
  • brslc
    , contributor
    Comments (3) | Send Message
     
    Where were all these bulls earlier this year when gold was flat? They were all advising to bail out, sell at all costs. When the metal rises, the analysts say buy. This is really less than helpful.
    10 Sep 2012, 03:32 PM Reply Like
  • David at Imperial Beach
    , contributor
    Comments (4382) | Send Message
     
    Some people were telling you to buy gold earlier in the year. Did you buy? Probably not. An investment never looks good unless it is going up. There's still plenty of upside potential for gold. Inflation is devaluing all paper currencies. In the long term, nothing beats gold. As long as central banks are holding it, it's still officially money, no matter what they tell you.
    12 Sep 2012, 03:14 PM Reply Like
  • cheee62
    , contributor
    Comment (1) | Send Message
     
    I always believe in gld
    11 Sep 2012, 04:31 AM Reply Like
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