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Maybe it's time to sell ?

edmundfitzgeraldedmundfitzgerald Posts: 4,306 ✭✭
in Precious Metals


(Kitco News) -- Goldman Sachs forecast gold prices of $1,565 an ounce in three months, $1,635 in six months and $1,730 in 12 months. “We continue to consider the gold market to be “under-bought” relative to the level of U.S. real interest rates, and expect current low real rates to motivate a rise in net speculative positions, providing support for a further rally in gold prices,” Goldman says in a Thursday commodities report. Goldman also looks for continued demand from emerging-market central banks. However, Goldman cautions that it still expects gold to peak in 2012 as U.S. real interest rates rise with the ongoing economic recovery, with a downside risk if rates should rise more quickly than anticipated. “Net, we continue to believe that gold at current price levels is a compelling trade, not a long-term investment,” Goldman says. Goldman’s commodity trade recommendations include a long position in Comex December gold. This was initially recommended last October and had a profit of $150.80 an ounce as of Goldman’s report.

Comments

  • mrearlygoldmrearlygold Posts: 17,858 ✭✭✭
    Nah ( and I bought the first 100 oz's at $262.50 ) image

    Coin's for sale/trade.


    Tom Pilitowski
    US Rare Coin Investments
    800-624-1870

  • derrybderryb Posts: 36,793 ✭✭✭✭✭
    I'm seeing strengthing prices, don't know for how long.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • OPAOPA Posts: 17,119 ✭✭✭✭✭
    What...no $2k in their forecast? How dare they!image
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • jmski52jmski52 Posts: 22,822 ✭✭✭✭✭
    Silver is on another nice run, for the 3rd day in a row.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • DrBusterDrBuster Posts: 5,378 ✭✭✭✭✭


    << <i>Silver is on another nice run, for the 3rd day in a row. >>



    Urgh yup. If I wasn't in line for one more of the P pucks.....still hoping for a touch close to 30 this summer for a non overpriced purchase.
  • konsolekonsole Posts: 788 ✭✭✭
    No offense but their prediction is more of a guarantee then a prediction.

    image
  • jmski52jmski52 Posts: 22,822 ✭✭✭✭✭
    konsole, that projection implies that GS sees the rate of increase tapering off, even while still rising. Looks to me like a wishy-washy acknowledgement of the trend while hedging in the opposite direction.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • CoynCoyn Posts: 194
    I never understand how anyone can give credence to any major investment company or bank that issues any buy/sell type recommendation.

    As long as they are in the market with 1000x the leverege of the little guys taking thier advice is like asking a used car salesman if the car he trying to sell you is a "good deal". If Goldman says sell then that means they are short and looking to unload. If they say "Buy" then they already have a strong position they plan to start unloading.

    Of course it could just be that they are looking out for the little guys and just doing "God's work".
  • DoubleEagle59DoubleEagle59 Posts: 8,307 ✭✭✭✭✭
    No, it isn't.
    "Gold is money, and nothing else" (JP Morgan, 1912)

    "“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)

    "I only golf on days that end in 'Y'" (DE59)
  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    If Goldman says sell then that means they are short and looking to unload. If they say "Buy" then they already have a strong position they plan to start unloading.

    BINGO!!!
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • percybpercyb Posts: 3,324 ✭✭✭✭
    Keep buying the dips....this year is no different than last year or the year before that etc, etc, etc.
    "Poets are the unacknowledged legislators of the world." PBShelley
  • pmcollectourpmcollectour Posts: 1,211 ✭


    << <i>Keep buying the dips.... >>



    Or "keep buying the highs", because those always seem to be taken out as well.
  • tychojoetychojoe Posts: 1,335 ✭✭✭


    << <i>

    << <i>Keep buying the dips.... >>



    Or "keep buying the highs", because those always seem to be taken out as well. >>



    image Exactly!
    My Sets: Barber Halves, US Type
  • PerryHallPerryHall Posts: 46,111 ✭✭✭✭✭


    << <i>

    << <i>Keep buying the dips.... >>



    Or "keep buying the highs", because those always seem to be taken out as well. >>



    Or, better yet, buy whenever funds are avaiable and a good deal comes along. The important thing is to keep stacking. In a few years today's prices will look dirt cheap.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • goingbrokegoingbroke Posts: 1,410
    image
    Many successful BST transactions ajia
    (x2,Meltdown),cajun,Swampboy,SeaEagleCoins,InYHWHWeTrust, bstat1020,Spooly,timrutnat,oilstates200, vpr, guitarwes,
    mariner67, and Mikes coins
  • dorkbardorkbar Posts: 426 ✭✭✭
    Bear looks happy, and I had no idea he had moves like that.
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