
Gold Report 2012 – In GOLD we TRUST
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Gold Report 2012 – In GOLD we TRUST
From the Erste Group Research
The foundation for new all-time-highs is in place. As far as sentiment is concerned, we definitely see no euphoria with respect to gold. Skepticism, fear, and panic are never the final stop of a bull market. In the short run, seasonality seems to argue in favor of a continued sideways movement, but from August onwards gold should enter its seasonally best phase.
USD 2,000 is our next 12M price target. We believe that the parabolic trend phase is still ahead of us, and that our long-term price target of USD 2,300/ounce could be on the conservative side.
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2 Comments
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Fantastic report! Solid research, grounded historical perspective and required reading for any financial professional to test their bias against the primary trend in gold.
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Fantastic report! Solid research, grounded historical perspective and required reading for any financial professional to test their bias against the primary trend in gold.
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Fantastic report! Solid research, grounded historical perspective and required reading for any financial professional to test their bias against the primary trend in gold.
Fantastic report! Solid research, grounded historical perspective and required reading for any financial professional to test their bias against the primary trend in gold.