Gold to Slip Below $1,500 in Next 3 Months: Poll
Published: Sunday, 18 Dec 2011 | 8:58 PM ET
Gold prices will fall below $1,500 an ounce over the next three months and are unlikely to retest September's all-time highs until later 2012 at the earliest, according to a Reuters poll of 20 hedge fund managers, economists and traders.
The bleak forecast, coming after gold has lost 11 percent of its value so far this month, is likely to fuel fears that bullion is close to ending its more than decade long bull run and entering a bear market.
http://www.cnbc.com/id/45718622
Gee I love these "experts." Can make good money off of them. Seasonally strongest period, and QE out the ying yang, and they saying gold is going into a "bear market' after only a decade long run. Sort of like the folks who decryed the equity bull back in 1992.
Please dear Gold gods. Keep these people saying these things for the next 5 years ! I will be able to retire quite early. I luve them all.
More Bleakness on Gold
Started by
nimblebear
, Dec 18 2011 09:59 PM
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