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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (51852)	6/17/2013 9:48:10 PM
From: Machaon	Read Replies (2) \| Respond to of 218656

Just bought some gold and silver, lightly, just to begin scaling into that trade... Back in Dec 2012, Barclays forecasted silver to average $32.50 an ounce in 2013, BNP Paribas $39.05 an ounce, Commerzbank $40 an ounce, Morgan Stanley $35 an ounce, Societe Generale $34 an ounce, TD Securities $40.52 an ounce, UBS $36.80 an ounce for 2013. The latest forecasts have been for around $26 an ounce, still quite a bit up from the current levels. Buts... I don't really feel that their forecasts give me a lot of confidence, even though I like their $26 target. It is interesting how quickly metal forecasts can change. I am still waiting for SLV to drop down a bunch so I can pick up some more! Thanks for the feedback!