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View Full Version : Goldman Sachs raises Silver and Gold forecast



ascentient
12th December 2008, 10:46
http://www.mineweb.com/mineweb/view/mineweb/en/page34?oid=75048&sn=Detail

OK, we all hate them for keeping the prices of gold and silver down, but Goldman Sachs (with the lowest forecasts for gold and silver of any of the major banks) has just increased their forecasts slightly.

Why is this important? Because their public forecasts could be used to help predict the levels at which they are prepared to invest to keep a lid on the prices. The most interesting one of note is their $11.08 prediction for silver in 6 months. Sure they forecast it to be lower than that in 12 months, but given they revise their forecasts every so often, if that also turns out to be an underestimate then I would expect a revised forecast.

This is bullish for silver - Goldman is one of the biggest silver shorts.

SilverHawk
12th December 2008, 12:05
I ask you here to concider the source.

ascentient
12th December 2008, 12:08
The source? Goldman? Or Reuters?

SilverHawk
12th December 2008, 12:55
The crooks at GS.

research24
12th December 2008, 18:39
My rule is to never trust anything the banksters say, even if I'm prone to believe it. Those people are proven liars and manipulators, so why bother.