Thursday, Jan 17, 2008
Can we trust what Golmman says
The Telegraph: Gold may hit $1,000 in third qtr, Goldman says
Weren't they predictng $650 1 month ago.
I think we will have some consolidation around the 830-850 mark.
Posted by sold 2 rent 1 @ 08:09 AM (420 views) Add Comment
7 Comments
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1. Landedgentry said...
They did say that oil would hit a $100 a barrel, but that was over two and a half years ago.
2. harold said...
"Can we trust what Golmman says"?
Certainly not - they're like a government agency (look who JP have just got into bed with!). $830 would be an excellent time to enter/re-enter the market, IMHO.
3. happyrenterz said...
That is quite turn around for Goldman who were predicting a price of $750 for gold just last month! Things obviously have changed. Mainly who is buying gold. I read here that India, who in 2006 was the main buyer of gold, is expected to have bought 20% less in 2007 because of increased prices.
4. tick tock said...
Here is probably why
http://news.bbc.co.uk/1/hi/business/7193057.stm
Get ready for big inflation.
5. techieman said...
...or it may not. :-)
6. happyrenterz said...
Is gold going to tread water at $900 now?
7. happyrenterz said...
Someone seems to know what was going on with gold's volatility yesterday