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Goldman lowers 12 month forecast of Gold to $1390
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<p>[QUOTE="Juan Blanco, post: 1685296, member: 41665"]<span style="color: #ff0000">Edited: Juan, the portion in your quote was not directional towards one person, but your reply was. Keep the personal comments and exclamations to the subject matter, and not to the personalities. </span></p><p><br /></p><p>So I've been (short-term) bearish on PMs for a couple years and I still see no compelling evidence of recovery... just continuing e-z money Fed efforts to keep Wall Street alive. The mkt is like a hooked junkie desperate for the Fed's daily fix. Where would the S&P500 be without the bond buying stimulus, hmmmm? And jury's still out if Helicopter Drops will work later on, to jack stock prices and drub Gold 2-5 years down the road... the whole program is still <i>aberrant </i>and far from the norm, btw. Or predictable.</p><p>The outcome should be known by 2020/2... we shall see![/QUOTE]</p><p><br /></p>
[QUOTE="Juan Blanco, post: 1685296, member: 41665"][COLOR=#ff0000]Edited: Juan, the portion in your quote was not directional towards one person, but your reply was. Keep the personal comments and exclamations to the subject matter, and not to the personalities. [/COLOR] So I've been (short-term) bearish on PMs for a couple years and I still see no compelling evidence of recovery... just continuing e-z money Fed efforts to keep Wall Street alive. The mkt is like a hooked junkie desperate for the Fed's daily fix. Where would the S&P500 be without the bond buying stimulus, hmmmm? And jury's still out if Helicopter Drops will work later on, to jack stock prices and drub Gold 2-5 years down the road... the whole program is still [I]aberrant [/I]and far from the norm, btw. Or predictable. The outcome should be known by 2020/2... we shall see![/QUOTE]
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Goldman lowers 12 month forecast of Gold to $1390
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