Quote:
Originally Posted by onwebcam
I'd do the exact opposite of what they say. They've been caught many times manipulating gold and silver.
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Caught? Barclays was caught, prosecuted and fined for it (just the tip of the iceberg and just a slap on the wrist):
Barclays Bank fined £26m for gold price failings - BBC News
Exactly right. Goldman is again putting out stories for their own financial gain.
Now that gold has re-established its negative correlation with the stock market and interest rate rises are off the table, there's a good reason to own gold. Of course, the stock market was closed on Monday and so gold made it moves based on other cues but definitely I hope we see Gold pull back somewhat before the next leg up.
Target $1150 for a firm base.