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

Goldman warns gold could fall to $1,000 or lower. HSBC disagrees

Posted on 16 September 2013

The problem with forecasts from mega players like Goldman Sachs is that their prophecies can become self-fulfilling given their dominance of the investment banking sector. This is not to say that there is a hidden agenda in their analysts’ pronunciations, but there is always the fear that there could be!
Goldman’s infamous ‘sell gold short’ call in April this year immediately ahead of the huge take-down that followed certainly will have raised suspicions on this front, so the market will undoubtedly be taking notice of the banker’s latest reported prognostications………………………………………..Full Article: Source


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