from SRS Rocco:
The distinguished analysts from Goldman Sachs reiterated their 2014 forecast for gold to hit $1,050 by the end of the year. They believe the paper price of gold will continue to decline as the supposed “Powerhouse” U.S. economy picks up speed, accelerating growth.
If someone recently had a frontal lobotomy… this forecast might make perfect sense. On the other hand, if a person belongs to the 95-99% group of Americans who believe everything coming from the Boob Tube, this forecast is exactly what the doctor ordered.
Goldman isn’t that stupid to realize the well-educated precious metal investors don’t believe a word coming from the bank’s talking heads, rather their forecasts are designed and targeted at Americans who still believe in the Greatest Fiat Ponzi Scheme in history.
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