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JPM just upped their year end target for gold to...

renman95renman95 Posts: 7,037 ✭✭✭✭✭
in Precious Metals
$2,500!

Comments

  • fivecentsfivecents Posts: 11,207 ✭✭✭✭✭
    Wow!
    Here is a linky...
    $2,500 by years end....maybe.
  • BigEBigE Posts: 6,949 ✭✭✭
    I thought JP Morgue was actively shorting silver and gold in the past. Its definitely possible they are liarsimageimage--------------BigE
    I'm glad I am a Tree
  • vannvann Posts: 318
    Don't forget central banks are long gold. All the trillions in wealth evaporated by US equities reverting to end of 2009 levels means government revenue from capital gains for 2011 will be virtually non-existent, right when revenues were supposed to increase. Don't be surprised to see a hike in the precious metals capital gains rate for us little people. They may also make you prove your cost basis and if you can't prove what you paid, guess what, your cost is $0 image
  • RedHerringRedHerring Posts: 2,077 ✭
    If gold hits $2500 this year, and it easily could, we will be in deep trouble. I realize we're in trouble now, but $2500 gold this year means calamity in the streets........
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    Not sure about $2500 by the end of the year, but $2000 is within reach. Cheers, RickO
  • FistFullOfDollarsFistFullOfDollars Posts: 359 ✭✭✭
    Better buy Goldschläger now before it becomes too expensive.





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