Wall Street Journal - Gold to $2400 in 2014 says Bank of America

Discussion in 'Gold' started by VRS, Sep 19, 2012.

  1. VRS

    VRS Well-Known Member Silver Stacker

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    VRS, Sep 19, 2012
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  2. thatguy

    thatguy Active Member

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    :( I hate it when the wrong people say gold is going higher... a real dampner
     
    thatguy, Sep 19, 2012
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  3. systematic

    systematic Well-Known Member

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    From the article http://blogs.wsj.com/marketbeat/2012/09/18/golds-heading-to-2000-strategists-say-thanks-qe3/

    "That rosy forecast for gold investors was offset with a cautionary note, however, that served as a reminder that no rally lasts forever.

    "Broadly, any abrupt spike in real interest rates that puts an end to the upcoming monetary easing cycle may drive investors out of gold and create substantial downside pressure on prices," the BofA analysts wrote."
     
    systematic, Sep 19, 2012
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  4. Dogmatix

    Dogmatix Active Member

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    This cracks me up.

    Increase interest rates? In the middle of a depression? Appreciate the USD against other currencies?

    As if unemployment wasn't bad enough without killing all export competitiveness.

    Edit: I believe there are quite a few people out there that believe the US will do another 'Volcker' move and increase rates again, like in the 80's. Funny how just that one precedent, although in much different circumstances, means that so many people are sold on this idea, even though the Fed hasn't suggested it since the GFC.
     
    Dogmatix, Sep 19, 2012
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  5. Levant

    Levant New Member

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    and there are others saying that it will hit $2350 by mid 2013, or $5000 by 2018...

    It is a bit meaningless until it happens though...
     
    Levant, Sep 19, 2012
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