Thursday, January 17, 2008

Can we trust what Golmman says

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 (698 views)
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7 thoughts on “Can we trust what Golmman says

  • They did say that oil would hit a $100 a barrel, but that was over two and a half years ago.

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  • “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.

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  • 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.

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  • …or it may not. 🙂

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  • Is gold going to tread water at $900 now?

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  • Someone seems to know what was going on with gold’s volatility yesterday

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