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joeweber

joeweber
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  • Goldman slashes its 2013 gold price target to $1,600 from $1,810 citing ... recent price declines. What wonderful value-added. Searching for a better reason to justify its fancy pay, the team notes a small increase in U.S. real interest rates as well as the perceived hawkish FOMC minutes (refuted by a half dozen Fed speakers over the past few days). GLD -0.3% premarket. [View news story]
    The same people who told their OWN clients to sell Heinz stock just before Warren Buffet bought the company.
    Feb 26 07:36 AM | 6 Likes Like |Link to Comment
  • Is This The Start Of A Bear Market In Gold? [View article]
    I don't believe that your article takes into account the huge amount of gold that central banks all over the world are now buying.
    The hedge funds that you speak of are only a drop in the bucket compared to the demand coming from Russia, India and China just to name a few.
    And the physical gold and silver exchanges coming on line in Hong Kong in a few months will only drive their prices higher due to the insatiable appetite for those metals as the income of Chinese middle class rises.
    Feb 25 06:14 PM | 2 Likes Like |Link to Comment
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