The Case For $1300 or Even $1200 Gold… It May Actually Be a Good Thing

24/7 Wall St.

Gold and SilverThe gold bugs are getting squashed and flushed down the drain as gold continues its slide. After breaking the $1500 mark on Friday there are some key calls to consider as gold could get down to $1400, $1300, or even $1200 per ounce.

The big call earlier last week was from Goldman Sachs Group Inc. (NYSE: GS) saying to get out of gold and to short sell gold. The highly influential trading and investment banking firm predicted that gold would end 2013 at $1450 per ounce and that it could sink to $1270 by the end of 2014. The analyst team that made this call even went on to predict that if these price predictions turn out to be correct that the falling gold prices could even be larger and faster than the firm expects.

Our question on this is the pre-trade timing of this. How much gold was…

View original post 634 more words

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s