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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG
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To: Zincman who wrote (44986)6/25/2013 12:51:48 PM
From: Veteran981 Recommendation

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Cogito Ergo Sum

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Goldman Sachs Group Inc. cut its forecasts for gold through 2014 after selling quickened as investors priced in expectations of reduced asset purchases by the U.S. Federal Reserve.

The bank cut its target for the end of this year to $1,300 an ounce from $1,435 and lowered its prediction to $1,050 from $1,270 for the end of 2014. Investors are assuming an earlier tapering of quantitative easing and a Fed fund rate increase sooner than the bank’s economists expect, analysts Damien Courvalin and Jeffrey Currie wrote in a report dated yesterday.



bloomberg.com
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