The gold price on Tuesday continued to hover below the $1,300 an ounce level, down more than $80 an ounce from 2014 highs reached mid-March. US investment bank Morgan Stanley added to the negative sentiment, forecasting the gold price to average $1,250 this quarter, decline to an average $1,168 in the second half of 2014 and weaken further to $1,138 next year.
And this morning from Marketwatch.com...
There are a dozen failed market predictions like this every week, not all about gold or commodities, from the highly compensated investment banks. The joke is on the thousands of low IQ clients paying for the advice.
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