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Goldman lowers 12 month forecast of Gold to $1390
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<p>[QUOTE="medoraman, post: 1697108, member: 26302"]Btw, just for clarity, I also consider myself a PM bull, but I bet many here wouldn't. I spent 15 years fighting the crowd who laughs at PM as an archaic investment, a waste of money, a relic of the past. I very much am a PM bull FOR THE RIGHT PRICE. I have very different reasons than Inflexion and others, but if the silver market were $15 today, or the gold market $750, I would be standing beside them encouraging people to buy PM as a part of your total portfolio.</p><p><br /></p><p>I simply have different reasons than others, and disagree on FMV price points. So I wouldn't call myself a bear, only a bear at a $30 price point. At $23? I am getting more neutral, but not willing to pull money out of stocks right now to buy more.</p><p><br /></p><p>I seriously doubt any true PM bear would be here on CT. We might disagree here, but its more a matter of disagreement over price points than disagreements about whether PM is a viable investment. There ARE a lot of PM bears out there, including a ton of wall street, though.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1697108, member: 26302"]Btw, just for clarity, I also consider myself a PM bull, but I bet many here wouldn't. I spent 15 years fighting the crowd who laughs at PM as an archaic investment, a waste of money, a relic of the past. I very much am a PM bull FOR THE RIGHT PRICE. I have very different reasons than Inflexion and others, but if the silver market were $15 today, or the gold market $750, I would be standing beside them encouraging people to buy PM as a part of your total portfolio. I simply have different reasons than others, and disagree on FMV price points. So I wouldn't call myself a bear, only a bear at a $30 price point. At $23? I am getting more neutral, but not willing to pull money out of stocks right now to buy more. I seriously doubt any true PM bear would be here on CT. We might disagree here, but its more a matter of disagreement over price points than disagreements about whether PM is a viable investment. There ARE a lot of PM bears out there, including a ton of wall street, though.[/QUOTE]
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