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$3,000 Gold Price Forecast from Merrill Lynch/BOA
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<p>[QUOTE="GoldFinger1969, post: 25264385, member: 73489"]It will do what it is going to do, but it's had plenty of chances to get smashed: rising rates...rising REAL rates...falling inflation....strengthening dollar....strong bond/stock markets.</p><p><br /></p><p>The fact is that going forward more people and institutions want to buy gold and fewer want to sell it. And the<span style="color: #0000ff"> <b><i>UP AND DOWN WALL STREET</i></b></span> column notwithstanding, gold companies can't increase supply like oil companies could using modern technology (i.e., horizontal fracking).</p><p><br /></p><p>So demand is rising and supply is going to be falling or stagnating and one of the "suppliers" -- central banks -- is now net-buying.</p><p><br /></p><p><b><i>You're not going to have a move of weeks or months of rising gold. It's going to be a few days of triple-digit gains with NO CHANCE to get in, IMO.</i></b>[/QUOTE]</p><p><br /></p>
[QUOTE="GoldFinger1969, post: 25264385, member: 73489"]It will do what it is going to do, but it's had plenty of chances to get smashed: rising rates...rising REAL rates...falling inflation....strengthening dollar....strong bond/stock markets. The fact is that going forward more people and institutions want to buy gold and fewer want to sell it. And the[COLOR=#0000ff] [B][I]UP AND DOWN WALL STREET[/I][/B][/COLOR] column notwithstanding, gold companies can't increase supply like oil companies could using modern technology (i.e., horizontal fracking). So demand is rising and supply is going to be falling or stagnating and one of the "suppliers" -- central banks -- is now net-buying. [B][I]You're not going to have a move of weeks or months of rising gold. It's going to be a few days of triple-digit gains with NO CHANCE to get in, IMO.[/I][/B][/QUOTE]
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$3,000 Gold Price Forecast from Merrill Lynch/BOA
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