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Strategies & Market Trends : Ride the Tiger with CD

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baystock

To: gold$10k who wrote (235212)	6/6/2014 10:51:33 PM
From: stuffbug	1 Recommendation Read Replies (1) of 313629

goldie, I received an email this morning claiming there are rumours that Goldman is no longer calling for gold to drop to $1050 this year. No suggestion on what Goldman is forecasting, but apparently the big drop is now off the table. Sounds plausible because a significant majority of technical analysts are calling for a final plunge. When most of the analysts are leaning one way, there's a good chance that it will go the other way. If the rumours are true, Goldman will probably publicly announce a bullish posture when the gold price is back above $1350.

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