Down down down... http://blogs.marketwatch.com/thetel...ale-sees-2017-2019-gold-price-average-of-825/
Gees thats not a good sign......The world is hanging by a thread all because of The Fed and their decisions. So glad I dont actually own any metals at the moment and hav'nt invested anymore money into them either.
This steady downward grind of the gold price will be painful for gold bulls over the next few years. The gold price trend may still reverse suddenly but it's not looking good for the bulls and doomers, at least over the shorter term.
I take it I have missed your sarcasm and you guys believe in what you posted. Anytime one of these banks says the Gold price will head one way, you know for sure it's heading in the opposite direction. (confirmation when Goldman Sachs advises to sell Gold holdings). Good for Gold: America has a new enemy to justify military industrial complex. European economy on path to self destruction. American economy headed no where...down. Japanese economy headed way down. Chinese property bubble about to burst. Bad for Gold: Manipulation.
Do we know for sure? On the other side we have sites like KingWorldNews that popularize the idea of a massive gold price surge. This has not eventuated. I'd place more trust in people who post here like Pirrocco than either the banks or the perpetual gold bulls.
Maybe you mean blind trust, or uncritical trust? We can draw our own conclusions but over time some people will prove to be wiser in their advice, suggestions and observations, and therefore worth listening too (I always consider carefully your comments for example )
It's being shown Goldman's advice to it's clients and their own moves differ when it comes to Gold. I do agree that King World News only offers one view, i.e. Gold will next week hit $2000. I myself am real tired of listening to Sinclair, Eric Sprott and Schiff to name a few. Self interest to sell Gold, having said that I do believe that once all the dust settles only Gold and property will protect your wealth.
Just maintain 15-20% of your net worth in metals then carry on with life paying off house, other investments, fun, living, etc. No need to follow and worry about pm price all the time.
Very very unlikely, just remember that China and Russia are buying massive amounts and nobody would describe these two peoples as stupid.
Look at where the negativism origins: from people that sold. King Cashiers. Kings of fiat at the banks, they became. Kings of promises they became, instead of kings of assets. And now they talk others down. Some in order to buy back in cheaper, others just because it's easy to give comment from the sideline.