Goldman Sachs cuts 2013 gold price forecast I get a kick out of this .... could this be another ploy by Goldman Sachs to manipulate the gold market, every gold site I see they are shorting the gold stock and driving it down ... maybe now by lowering their gold price predictions they think people might sell their gold shares cheaper and want to get out ....
I find it amazing how much markerts and share prices are manipulated ! to me at least it is sad that the door was every opened to allow companies to do this .. but that is just MHO
Goldman Sachs cut its gold price forecast for this year, saying while the latest sell-off is "likely excessive," it has "exposed a quickly waning conviction in holding gold positions, especially ETFs (exchange traded funds). In a note dated Feb. 25, Goldman cut its three-month gold-price forecast to $1,615 an ounce from $1,825, its six-month forecast to $1,600 an ounce from $1,805 and its 12-month forecast to $1,550 an ounce from $1,800. -