Ignore Goldman Sachs Gold forecastGoldman and JP Morgan are in cahoots with the Federal Gov't. In particular these 2 banks manipulate and control markets (with the huge Hedge Funds who also are always in meetings with the big banks and Fed Gov't officials and I have seen documentation to back that up) to work the markets in such a way as to keep the market and US dollar afloat and naive citizens into believing everything is OK. They collectively and somewhat effectively so far have been able to smoke screen the very poor underlying factors and fundamentals that, when the smoke clears the actual sad state of affairs will turn the optimism to pessimism and WILL soon collapse the markets and the US dolar will drop considerably. In this environment Gold and Silver prices will soar.
Technically almost every chart or index you want to use indicates the prices will go up from here not down.
Remember about a year ago or perhaps a bit more, the high profile GS analysts said gold would drop to $900 dollars and rather smuggly and very unprofessionally I might add said: "It was a slam dunk". Well obviously he was wrong....again. They are doing their best to prevent gold prices from rising but eventually technicals be damned and fundamentals (which are currently quite bullish and getting stronger) take over.
Have a great day,
blacknite4