“Some of the mugs have taken extreme bets on a falling gold price,” says one precious metal retailer. “Never have the money managers become so convinced that gold is about to fall heavily.” It could actually mean that the gold price is about to rise strongly “as they must buy back these positions”, the seller argues.
A good article relaying both sides of the debate on where gold is headed. Some, like Goldman Sachs, have cut their forecast for 2013 while others say gold is destined for $2000/oz and beyond. Learn more about both sides of this ongoing debate….