Oromin Explorations Ltd OLEPF

Goldman Forecasts Gold Rally Amid Debt-Ceiling Con

[doublem2]

Gold may climb over the next three months as U.S. lawmakers attempt to tackle the country’s debt ceiling and the world’s largest economy slows, Goldman Sachs Group Inc. said, advising investors to place bets on advances.

“We see current prices as a good entry point to re- establish fresh longs,” analysts Damien Courvalin and Alec Phillips wrote in a Jan. 18 report. The bank reiterated a three- month target of $1,825 an ounce, as well as a forecast for prices to weaken in the second half as the U.S. economy rebounds.

https://www.bloomberg.com/news/2013-01-21/goldman-forecasts-gold-rally-amid-debt-ceiling-confrontation.html

Could be good for OLE,

Doublem2

[tony1969]

Nice find doublem.  If this were to happen and we do get a rally above $1800 in the next 3 months or so it can only be positive for OLE and their negotiations.

[arlene2]

YEAH !!   Nice to learn that Goldman finally agrees with the same forecasts that I have been making for over a month now.....They have infinitely more credibility than I..