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Goldman Hikes Its 12 Month Gold Price Target From $1,735 To $1,830
Zero Hedge ^
| 8/711
| Tyler Durden
Posted on 08/07/2011 8:59:35 PM PDT by Nachum
click here to read article
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1
posted on
08/07/2011 8:59:38 PM PDT
by
Nachum
To: Nachum
Well they have already hit their 3 month target and might hit their 6 month target soon. Gold at 1699 right now.
2
posted on
08/07/2011 9:05:42 PM PDT
by
jpsb
To: Nachum
Sigh. That’s a confidence boost for the dollar. /s
3
posted on
08/07/2011 9:06:46 PM PDT
by
Palter
(Celebrate diversity .22, .223, .25, 9mm, .32 .357, 10mm, .44, .45, .500)
To: Nachum
4
posted on
08/07/2011 9:08:40 PM PDT
by
mlocher
(Is it time to cash in before I am taxed out?)
To: Palter
With the FOREX going nuts, China's downgrade on us and being downgraded for their toxic assets, and the EU debacle, investors are hedging their bets on gold. Not a surprise.
I'm betting it will hit 2K before year end. I'll sell all my single earrings, unwanted jewelry, and make a bundle.
Wish I could have invested in it when it was $1,300 an ounce, but every appliance decided to keel over this year, including 10K for the HVAC, plus a new roof and fence. Ugh!
5
posted on
08/07/2011 9:12:22 PM PDT
by
TheWriterTX
(Buy Ammo Often,)
To: Nachum
Is that before or after the bubble bursts? /s =.=
6
posted on
08/07/2011 9:12:48 PM PDT
by
cranked
To: mlocher
QE3With what? We are selling treasuries with no return now. All we are selling is the notion that bonds are safe. Well, we just got downgraded brother.
Stand by
7
posted on
08/07/2011 9:13:43 PM PDT
by
mylife
(OPINIONS ~ $ 1.00 HALFBAKED ~ 50c)
To: mlocher
Did you catch how England is blaming us for their rising commodity prices because of QE? Of course, no talk of their own rounds of QE. The Bank of England’s posting of record profits was met with 2-parts scorn and 1-part laughter, since it was all “electronic” QE money.
8
posted on
08/07/2011 9:14:03 PM PDT
by
TheWriterTX
(Buy Ammo Often,)
To: Palter
Sigh. Thats a confidence boost for the dollar. /s
The dollar is toilet paper just like the other paper currencies. Gold will punish them all - it's quoted in 4 digits now against ALL currencies. Gold isn't changing, the fiat currencies are.
9
posted on
08/07/2011 9:14:14 PM PDT
by
dollarbull
(why are paperbugs so bad at history?)
To: mylife
10
posted on
08/07/2011 9:15:06 PM PDT
by
TheWriterTX
(Buy Ammo Often,)
To: TheWriterTX
Yeah, my poor mans gold[Silver] has really done well for me. It doesn't have the draw from India and China, but it's cheaper.
11
posted on
08/07/2011 9:17:48 PM PDT
by
Palter
(Celebrate diversity .22, .223, .25, 9mm, .32 .357, 10mm, .44, .45, .500)
To: TheWriterTX
I like yours as well, and I am kicking myself for not buying some of this
Ammo
This weekend while the prices are still decent.
12
posted on
08/07/2011 9:20:32 PM PDT
by
mylife
(OPINIONS ~ $ 1.00 HALFBAKED ~ 50c)
To: Palter
I have a bet that it will hit $80
I could be full of it, but that’s the wager.
There are a lot of big boys raising the margins
13
posted on
08/07/2011 9:23:37 PM PDT
by
mylife
(OPINIONS ~ $ 1.00 HALFBAKED ~ 50c)
To: mylife
Wish I had bought some more, too. Going to be interesting to see how much it goes up tomorrow. Gander Mountain had .22 LR for $3.99 for 50 rounds today.
14
posted on
08/07/2011 9:25:13 PM PDT
by
Terry Mross
(I'll only vote for a SECOND party.)
To: mylife
I knew I should have gone shopping today! Looks like things will be ugly tomorrow.
15
posted on
08/07/2011 9:25:13 PM PDT
by
jpsb
To: Nachum
I went to my local coin dealer yesterday and he told me people were lined up outside his door when he got there in the morning.
He had a lot of stuff when I went there last week but he sold out and all he had left by the time I got there was a old scratched up Ag Eagle.
Tomorrow is going to be fun
16
posted on
08/07/2011 9:26:25 PM PDT
by
qam1
(There's been a huge party. All plates and the bottles are empty, all that's left is the bill to pay)
To: Palter
Look what the nikkei just did!
17
posted on
08/07/2011 9:27:30 PM PDT
by
mylife
(OPINIONS ~ $ 1.00 HALFBAKED ~ 50c)
To: Nachum
Spot gold just hit 1700 a few minutes ago.
18
posted on
08/07/2011 9:27:52 PM PDT
by
Cicero
(Marcus Tullius.)
To: jpsb
19
posted on
08/07/2011 9:28:38 PM PDT
by
mylife
(OPINIONS ~ $ 1.00 HALFBAKED ~ 50c)
To: TheWriterTX
America is exporting its inflation.
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