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Goldman Predicts More Gold Manipulation?

Wednesday, January 15, 2014 5:39

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from The Daily Bell

Gold to tank in 2014: Goldman Sachs … Bad news for “gold-bugs”—bullion’s current beginning-of-the-year rally will not only lose steam, but prices could drop sharply by the end of 2014, according to Goldman Sachs’ Jeffrey Currie. Currie, Goldman’s head of commodities research, told CNBC on Monday he had an end-of-year price target of $1,050 per ounce for gold, a 16 percent drop based from current prices of $1,251. – CNBC

Dominant Social Theme: Gold is a barbarous relic. Don’t invest in it.

Free-Market Analysis: In our lead article, this issue, we briefly discuss some of the manipulations supporting the ongoing and presumably expanding Wall Street Party. But the potential manipulation of gold stands out as one of the most brazen.

We are not alone in believing that the price of the dollar was possibly moved up against gold and silver on purpose – though we believe a main reason was to further set the stage for the rally to end all rallies (our perception of the upcoming Wall Street Party).

Continue Reading at TheDailyBell.com…

Source: http://financialsurvivalnetwork.com/2014/01/goldman-predicts-more-gold-manipulation/?utm_source=rss&utm_medium=rss&utm_campaign=goldman-predicts-more-gold-manipulation

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