Bloomberg: Gold to Punch Up Through $1800 to $2,500 by Year End

October 9, 2012 By 2 Comments

Bloomberg & it’s BNY Mellon guest are bullish on gold and silver, stating that gold will punch up through the critical $1800 level, and that silver will clear $35 and target $37.5-$40 by the end of Q4.
Does this call by the financial MSM warrant caution for precious metals investors over the short term- particularly with commercial net short positions in gold and silver near record highs, or do they just recognize the early stages of a commercial signal failure, as pointed out by FW?


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Comments

  1. Avatar of THORISHERE THORISHERE says:
    October 9, 2012 at 9:50 AM

    Gold is going a lot higher and to maintain some semblance of credibility the MSM must give some attention to the PMs.  As for their predictions… yawn. :o

  2. Avatar of Sumkid Sumkid says:
    October 10, 2012 at 6:41 AM

    If so, then silver’s price would be at 35.29$ and 49.02$ if it’s still at the ratio of 51 ounces of silver for one ounce of gold. Also, I’m impressed that a lot of people already started to talk about QE4 right after QE3. Right now, all I see is gold and silver going down.

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