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"Gold remains our preferred fundamental metal exposure heading into 2013," says Morgan Stanley,...

"Gold remains our preferred fundamental metal exposure heading into 2013," says Morgan Stanley, citing all the usual reasons. Keeping score, that's Morgan and Nomura bullish, Goldman bearish.
Comments (7)
  • You canĀ“t trust what Goldman can you?
    6 Dec 2012, 04:07 PM Reply Like
  • I don't trust GS, but how is their average $1800 target for gold in 2013 bearish?
    6 Dec 2012, 04:23 PM Reply Like
  • There is more green ink leaking into the gulf of Mexico from the Federal Reserve printing presses working day, night, and day again, than we saw oil from the BP spill, and Goldman Sachs wants us to believe that gold prices are headed lower
    in 2013 & 2014.


    Translation: Please dump your gold (and silver) so we can buy it up at lower prices. I think I am offended at how stupid they think we all are about econ 101. Glad I took that class before they cancelled it for future generations.
    7 Dec 2012, 02:56 AM Reply Like
  • I would disregard the bank analysts in favor of a simple look at what's before us: higher taxes all around, massive debt, continued spending (inc. ObamaCare), the European debt crises, and the public sentiment that things are getting worse. Common sense is a pretty good indicator.
    7 Dec 2012, 05:06 AM Reply Like
  • Unless anyone thinks that the "developed" ecnomonies on both sides of the Atlantic will accept massive lifestyle disrupting government spending austerity measures and reduction in expecatations of standard of living vis-a-vis social benefits, the Western World is doomed to continue down a slow but mathematically predicatable Death Spiral of inflationary measures like Quantitative Easing. Descriptive layman's terms "kicking the can down the road" and "rearranging the deck chairs (on the Titanic)" keep getting bandied around in the popular press but it doesn't take an Economics PhD to know what's happening. Gold may not generate spectacular returns compared to equities, but it has been a safe-haven store of wealth for Civilized Man around the globe since the Dawn of Civlization. 'nuf said.
    7 Dec 2012, 04:26 PM Reply Like
  • With QE 3 already announced in October, and there hasn't been a change in administrations, along with the fact that we are 16 going on 17 in trillions of dollars in debt, does it make real sense that gold will do anything else but go up in value?
    11 Dec 2012, 02:34 AM Reply Like
  • but not for the next three days as we sell 66 billion in paper...the Feds and the Treasury can not have gold and silver go up when they do looks bad
    11 Dec 2012, 10:13 AM Reply Like
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