Tue, Oct 21, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Bullion/Gold, Price Watch more

Gold will reach a new record of $2000 later this year-Capital Economics

Posted on 12 March 2013

Investors were recently unnerved to see a particular signal at the end of last month, gold’s “death cross”, when the price’s 50-day rolling average drops below its 200-day moving average. Two out of the last three such “death crosses” were followed by marked sell-offs reports Sydney Morning Herald.
As sentiment turned more bearish, an eye-catching note from Goldman Sachs grabbed attention. The bank cut its forecast for the gold price this year to $1600 an ounce from $1810, and predicted that next year the price will be $1450. “The turn in the gold cycle has likely already started,” the bank’s analysts warned, pointing to “a quickly waning conviction in holding gold positions, especially ETFs”………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 37533 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
October 2014
S M T W T F S
« Sep    
 1234
567891011
12131415161718
19202122232425
262728293031