Wall Street Pit, in its May 11, 2012 article, reports that Gold Crash Ahead?.
Extract :
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While Goldman
Sachs (GS) continues to stand by its forecast for
a rally in gold this year, saying that the precious metal will move to $1,840
an ounce over the next six months after the U.S. Federal Reserve embarks on a
third round of quantitative easing in June, Yoni Jacobs, chief investment
strategist at Chart Prophet, believes gold’s rallying days are behind
it. Jacobs predicts the precious
metal — that needless to say has been an incredible investment,
rising from $250 per ounce in 1999 to an all-time high of $1,923.70 in Sept.
2011 (we are at $1,594 right now), will be heading down to $700 over three to
five years.
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