Gold gets a downgrade at Goldman Sachs, the firm lowering its 2013 end-of-year price forecast to $1,800/oz., and 2014 to $1,750. "We see growing downside risks ... the gold outlook is caught between the opposing forces of more Fed easing and a gradual increase in U.S. real rates on better U.S. economic growth." [View news story]
Typical GS...downgrade so they can buy it cheaper later on
Goldbugs may want to ask John Paulson to stop as the ice-cold fund manager upped his stake in GLD by 26% to 21.8M shares in Q2. (13-F) [View news story]
The problem with Paulson is since he made his money on shorting the RE market hasn't done anything but lose on most his holdings...
Gold gets a downgrade at Goldman Sachs, the firm lowering its 2013 end-of-year price forecast to $1,800/oz., and 2014 to $1,750. "We see growing downside risks ... the gold outlook is caught between the opposing forces of more Fed easing and a gradual increase in U.S. real rates on better U.S. economic growth." [View news story]
Silver's Stealth Rally [View article]
Goldbugs may want to ask John Paulson to stop as the ice-cold fund manager upped his stake in GLD by 26% to 21.8M shares in Q2. (13-F) [View news story]