Goldman Sachs Jumps On Surprising Gold Investment Trend As Per Today’s Market Economic Position

Wed, Apr 10, 2013

Long Term Gold Investment Advice

The gold relief rally has come and gone.

Gold prices have accelerated their slide in the last few weeks. And despite a couple of short-lived rebounds in the price of gold, the trend is still down.

Now Goldman Sachs (NYSE:GS) is the latest big bank to jump on the downtrend. Goldman officially acknowledged the increasing likelihood gold prices continue to investment advice for beginners

In an investment research report released earlier today, Goldman Announced Surprising Jump On New Gold Price targets of $1490 an ounce (six months) and $1390 an ounce (12 months).

These targets are downward revisions from its last forecast of about 7% (six months) and almost 9% (12 months).

So is this a sign the gold price downtrend will continue or the absolute bottom?

As you know, when the big banks recommend selling an investment, returns tend to significantly outpace the overall markets in the months and years that follow. But honestly, at this point there’s absolutely no way to tell where gold prices are going in medium-term. These forecasts are ridiculous because of the variable nature of inflation, economic growth, and interest rates, all of which drive gold, are impossible to predict as well.

For the short-term though, this lowered gold forecast is another warning sign the current gold price correction will likely continue until there’s a significant catalyst to turn things around.

In the last few months the gold sell-off has rolled right over multiple major catalysts which normally would have sent gold prices higher. Over the last few months we’ve seen the European, American, and Japanese central banks all commit to further money printing and keeping interest rates low.

gold investment advice
Normally, that’s good for gold prices. However, the whole time gold prices continued to drift lower.

As a result, our Gold Investment Advice remains the same despite the ongoing downtrend in gold prices. If you don’t own any gold, buy some. If you want to buy more gold or gold stocks, wait for a new uptrend to begin.

Visit Contrarian Investment For More Information On Gold Investment

Good investing,


Andrew Mickey
Executive Editor, Contrarian Insights

Join Now

The Group of Big Investors in United States.

Your Email

what will the price of gold be in 2015

Like This?

Share This:

Facebook Twitter Share on Google+ Digg Reddit LinkedIn Pinterest StumbleUpon

Recent Post

How to Buy Commodity Stocks Online 2015 - Learn here it’s Safe to Investment in Commodity Market

The how to invest in commodities stock 2015 can correct any fluctuations that investors may have felt recently in their fortunes. The beginning of the year was on a shaky note with the direction of profits not very clear. However, with the months wearing on, the commodities market is once..... Read More...

Is Gold and Silver a Good Investment in 2015? Gold Coins Investment Best Idea for a Great Return

The is investing in gold a good idea right now is the hot conversation for small and big time investors alike. With the crash in real estate markets and the continued disfavor of bonds, gold is the only option which is fast emerging as the fail safe investment. Moreover, gold..... Read More...

Top 10 Best Stocks To Invest In Right Now in 2015, Learn Here How to Buy Stock Now

The top ten best stocks to invest in 2015 can help investors consolidate gains this year with a great margin. These are the stocks one’s would prefer to buy and hold onto for a long time. There are more winners here than losers which sped way past the rest..... Read More...

Best Investment Strategy for High Income Earners, Learn Here Investment Strategies for Buying Stocks

The investment strategies for high income earners are a few of the best special financial tips to help in wealth management. The top 2-3 per cent of the high income earners has a challenging task in holding onto their money and investment may be the only way out to avoid..... Read More...

How to Make Money in the Stock Market with Little Money for beginners, Future Wealth

The how to make money in the stock market with little money is a sure fire way to get out a less than perfect existence. It is a means other catapult in to luxury almost overnight as has been shown by many an investor in all times. Investing in the..... Read More...