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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

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1 posted on 08/07/2011 8:59:38 PM PDT by Nachum
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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
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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)
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To: Nachum

QE3


4 posted on 08/07/2011 9:08:40 PM PDT by mlocher (Is it time to cash in before I am taxed out?)
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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,)
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To: Nachum

Is that before or after the bubble bursts? /s =.=


6 posted on 08/07/2011 9:12:48 PM PDT by cranked
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To: mlocher
QE3

With 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)
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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,)
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To: Palter
Sigh. That’s 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?)
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To: mylife

Love your tag line, BTW.


10 posted on 08/07/2011 9:15:06 PM PDT by TheWriterTX (Buy Ammo Often,)
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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)
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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)
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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)
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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.)
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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
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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)
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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)
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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.)
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To: jpsb

I agree


19 posted on 08/07/2011 9:28:38 PM PDT by mylife (OPINIONS ~ $ 1.00 HALFBAKED ~ 50c)
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To: TheWriterTX

America is exporting its inflation.


20 posted on 08/07/2011 9:29:04 PM PDT by Orange1998
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