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How low can gold go?

Posted on 03 July 2013

As I write this, gold is trading at $1,238 an ounce. Compare that to the price of $1,790 back in October last year, and over $1,900 in 2011. Morgan Stanley has put a $1,313 price on gold for the end of 2014, which is 16 percent less than its previous forecast. Goldman Sachs is even more gloomy, suggesting it will dive to $1,050.
Things look even worse for silver, now trading at $18.55, with Morgan Stanley forecasting just $21.01 for end of 2014……………………………….Full Article: Source


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VRS - who has written 47895 posts on Opalesque Commodities Briefing.


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