Wednesday, October 6, 2010

It's Almost Midnight on the West Coast. Do You Know Where Your Gold Is At?


I'm sure by the time the US market opens tomorrow morning, the bullion banks will slam it back down. At least they can try...

Citigroup and Morgan Stanley had better raise their targets for gold (Citi $1,450, MS $1,512) soon. Goldman Sachs' target was $1,300, while apparently telling their 'select' clients GS was skeptical of further gold upward movement.

(Oh forget it. While I was writing the post, it went up further. Now it is $1,358.70.)


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