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Bank Of America: "Gold Squeeze Gets Explosive Above 1270"

Tyler Durden's picture


Just out from Bank of America's head technician MacNeill Curry:

Gold gets explosive above 1270. Watch out.


With the US $ coming under pressure, the potential further gold gains is high and rising. 1270 IS KEY. A break of the 1270 pivot should be the catalyst for short squeeze higher, exposing the confluence of resistance between 1362/1399


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Thu, 01/23/2014 - 12:27 | 4359108 VD
VD's picture

bring it!

Thu, 01/23/2014 - 12:31 | 4359124 Thomas
Thomas's picture

Agree, but those trend lines are silly--a massive extrapolation from the early part of the slope across a chasm. You could give third graders rulers, a little guidance, and get analyst trendlines that are publishable.

With that said, somewhere this really does get exciting.

Thu, 01/23/2014 - 12:40 | 4359158 RaceToTheBottom
RaceToTheBottom's picture


"You could give third graders rulers"

That is why the FED could be using that.

Thu, 01/23/2014 - 12:48 | 4359185 flacon
flacon's picture

Is it true that the only reason why the PAPER PRICE of gold would go UP is because people place TRUST in the FUTURES markets? What happens when the trust of the paper markets is destroyed? Gold "price" (paper gold) to zero probably - as it should. There is a fine line between ZERO and INFINITY. 

Thu, 01/23/2014 - 12:51 | 4359196 WarriorClass
WarriorClass's picture

With the death of the petrodollar, gold and silver will be king in America.

Thu, 01/23/2014 - 13:35 | 4359398 BaBaBouy
BaBaBouy's picture

GOLD Will Get "Explosive" Above $10,000... WATCH!

Thu, 01/23/2014 - 13:46 | 4359450 1000 splendid suns
1000 splendid suns's picture

Still performing techinical chart analysis for a completely manipulated market.

Waste. Of. Time.

Thu, 01/23/2014 - 14:13 | 4359569 Herd Redirectio...
Herd Redirection Committee's picture

CAD price of gold has increased by $100 in the last month... So Canadian readers of ZH say, "Thank you"

Thu, 01/23/2014 - 12:53 | 4359204 Thomas
Thomas's picture

Backwardation! (Calling Strunk & White: Could we get a ruling on whether that term was invented by linguistic retards?)

Thu, 01/23/2014 - 17:29 | 4360274 OceanX
OceanX's picture

As a matter of fact, my buddy has a PHd. in Linguistics, I will forward your query to him and let you know what he thinks, lol...

Thu, 01/23/2014 - 13:00 | 4359226 maskone909
maskone909's picture



i think if the paper prices were not settled in FRN's, it would go to zero.  but the paper junkies ultimately will settle for cash and be content.  imho

Thu, 01/23/2014 - 13:02 | 4359246 unrulian
unrulian's picture

So if 1% is a surge then and explosion must be what...3%?

Thu, 01/23/2014 - 13:19 | 4359313 flacon
flacon's picture

Yeah, and a market PLUNGE is defined as anything more than 0.30%. LOL! Gotta love laughing at those bulls. 

Thu, 01/23/2014 - 15:00 | 4359756 Mad Mohel
Mad Mohel's picture

It's all fun and reindeer games till people start jumping out of windows.

Thu, 01/23/2014 - 12:41 | 4359160 LawsofPhysics
LawsofPhysics's picture

Yes, I agree.  Perhaps the right question to ask is why would a primary dealer want us to start taking a long position in paper gold?  Why now, especially with the yield curve flattening?

Thu, 01/23/2014 - 13:24 | 4359340 Ghordius
Ghordius's picture

good question, and I agree with you both. BoA? the same BoA that predicted the end of the EUR several times? I'd hazard to say that they don't really understand foreign currencies, and for all practical purposes gold is a foreign currency - regardless of the comex

edit: TH (Tyler Himself) answers below the question why we should listen to BoA: "Because idiots who manage trillions do"

Thu, 01/23/2014 - 12:46 | 4359181 The.Harmless.Who
The.Harmless.Who's picture


$1,362 - $1,399?  


Hmm, thank you B of A but I'm aiming a LOT higher than that.  






Thu, 01/23/2014 - 13:02 | 4359247 BadDog
BadDog's picture

Me too. Bankers analysis of gold kind of like reading a cook book by Hannibal Lector.

Thu, 01/23/2014 - 12:48 | 4359187 LongBalls
LongBalls's picture

When the global regulators are acting as if they are coming down on the banksters fraudulent gold trade it's because the bankers want them too. Regulators put "confidence" into the system and bankers get "cover". Gold is going to start the assention. Take head. It will not be over night untill it is........

Thu, 01/23/2014 - 12:30 | 4359118 NOTW777
NOTW777's picture

$1267 good enough for me

Thu, 01/23/2014 - 16:05 | 4359994 European American
European American's picture

$2000 good enough for me, for starters.

Thu, 01/23/2014 - 12:35 | 4359119 MarsInScorpio
MarsInScorpio's picture

Pivot , pivot, pivot, pivot . . . will that trite word go away when our basketball wannabe president goes away?


The idiot author of this report doesn't even know what a pivot is - he uses it when he means the word level.


Financial nerd desperate to sound cool . . . makes a fool of himself instead.


Are you really going to listen to this jerk educated beyond his intelligence with your financial future?


Thu, 01/23/2014 - 12:29 | 4359120 gafgroocK
gafgroocK's picture




He meant a "Paper Gold" Squeez, folks

Thu, 01/23/2014 - 12:33 | 4359137 NoDebt
NoDebt's picture


Thu, 01/23/2014 - 12:35 | 4359145 tradebot
tradebot's picture

Been to two Rodeos and a goat ropin...I never seen me any of that Paper gold...

Thu, 01/23/2014 - 12:52 | 4359200 Quinvarius
Quinvarius's picture

The physical squeeze has been ongoing for over a year already.

Thu, 01/23/2014 - 12:30 | 4359122 fuu
fuu's picture

My order at $0 is never going to fill at this rate.

Thu, 01/23/2014 - 12:34 | 4359141 gafgroocK
gafgroocK's picture



Keep the faith brother!

Thu, 01/23/2014 - 12:30 | 4359123 youngman
youngman's picture

We are losing our early gains of today already....Time will tell..but this seems not to have the legs required

Thu, 01/23/2014 - 12:38 | 4359151 tradebot
tradebot's picture

Well you can bet there those that are shooting at this fledgeling wth every caliber they have.

Thu, 01/23/2014 - 14:01 | 4359523 superflex
superflex's picture

Have failth padawan.

There's only so much ammo they can throw at these spikes.

Thu, 01/23/2014 - 12:31 | 4359125 Bosch
Bosch's picture

Eff the paper market bullshit but we know it is undervalued compared to real physical demand so does one buy the rigged IAU knowing it is truly undervalued or pass because it is rigged as hell and who knows when or if reality will hit? 

Thu, 01/23/2014 - 12:30 | 4359128 firstdivision
firstdivision's picture

The other explosive is the amount of manufacturing in the US....and by explosive, I mean implosive

Thu, 01/23/2014 - 12:31 | 4359129 mclant004
mclant004's picture

Even though gold will break through this level and much higher, Why would we listen to anyone from BoA. 

Thu, 01/23/2014 - 12:33 | 4359135 Tyler Durden
Tyler Durden's picture

Because idiots who manage trillions do

Thu, 01/23/2014 - 12:50 | 4359193 NIHILIST CIPHER

TD    I'm good with that.

Thu, 01/23/2014 - 13:11 | 4359276 tallen
tallen's picture

I worked on the buy side last summer, just about everyone there was convinced gold was in a bubble. Signs like gold ATMs in Dubai.  (One of the biggest AMs in the world). Once they start coming round and realising it's not in a bubble and forced to jump on the momo, it'll pick up.

Thu, 01/23/2014 - 12:32 | 4359132 becky quick and...
becky quick and her beautiful mouth's picture

6 months away, just like always.

Thu, 01/23/2014 - 12:32 | 4359133 fonzannoon
fonzannoon's picture

YAY bank of America! You rule! (jumping up and down and clapping hands as my helmet falls off and I spill my bowl of rice pudding)

Thu, 01/23/2014 - 12:48 | 4359189 NoDebt
NoDebt's picture

Bread helmet?

Thu, 01/23/2014 - 12:34 | 4359138 Confundido
Confundido's picture

BIS overnight intervention in 3,2,1! 

Thu, 01/23/2014 - 12:34 | 4359139 GrinandBearit
GrinandBearit's picture

Blah, blah, blah.  USD is dying.  The economy is train wreck in progress headed for the tressel bridge that is no longer there.  

Gold and silver is not a short term trade or a get rich quick scheme like bitcoin or paper investements.  Never trade it for a Tesla or some Chinese plastic garbage product that Amazon or Overstock sells... never.

Buy and hold and hold and hold, etc...

Thu, 01/23/2014 - 16:23 | 4360053 vulcanraven
vulcanraven's picture

From my cold, dead hands, and all that.

Thu, 01/23/2014 - 12:35 | 4359140 Kaiser Sousa
Kaiser Sousa's picture

they seriously just cant stand to see Silver above 20...

heres the close in fucking obvious

and i still bought another 400 this morning....fuck off asshole Banker fucks...

Thu, 01/23/2014 - 12:43 | 4359164 GrinandBearit
GrinandBearit's picture

One day the London "fix" will be totally irrelevant.

That day is coming sooner than later.

Thu, 01/23/2014 - 12:43 | 4359152 RaceToTheBottom
RaceToTheBottom's picture

The more I hear banksters like BOFA saying things that were said here months ago, the more nervous I get.

But then I remind myself that this is not a Free Market.

Thu, 01/23/2014 - 12:45 | 4359177 ForWhomTheTollBuilds
ForWhomTheTollBuilds's picture

Much as I enjoy stories about paper shorting games being overrun by dwindling physical supplies, I try to keep an open mind about the short to medium term possibilities given the near complete opacity of physical markets.

JPM's illegal short corner in gold from 2013 has been replaced by an equally illegal long corner in 2014.  And suddenly the big banks are publicly disccussing the possiblity of "an explosive rise" in price.  Something like that would certainly help shake some of that eligible inventory into registered...

Thu, 01/23/2014 - 12:51 | 4359198 BanksterSlayer
BanksterSlayer's picture

And I would like to ask, Does it matter if the gold price is $1270 or $12700 if its market is still being manipulated? Has there ever been a time in the history of mankind when the precious metals were traded in a true free market?


Jesse's Cafe says: 


Quite to the point, I think much of what we are seeing now is the 'negotiation stage' of this process [the one-world basket of currencies re-set].  It is not so much a question of outcome, but rather, of price.  What is to be included and at what valuation to the various world currencies.  I would be stunned if there was a return to an actual gold standard.  I would prefer to see the price of gold float freely without an official government valuation or the thinly disguised monkey shines of the Comex.  But such antics seem to be de rigueur in most financial markets as we have recently learned.

Thu, 01/23/2014 - 13:20 | 4359332 ForWhomTheTollBuilds
ForWhomTheTollBuilds's picture

I think Jesse is one one of the best out there.  His ability to accurately convey his (very evolved) understanding of what is happening to the world of money without resort to hyperbole makes him unique.



Thu, 01/23/2014 - 13:29 | 4359382 Ghordius
Ghordius's picture

yes, but his understanding of the EUR needs some improvements. and since I'm talking about the EUR, FOFOA explained several times - before the EUR was a Gosh!-Theme that this:

"I would prefer to see the price of gold float freely without an official government valuation or the thinly disguised monkey shines of the Comex." is exactly one of the pillars of the EUR setup: a fiat currency CB that holds gold without chaining it or damning it, just as a valuable asset

Thu, 01/23/2014 - 14:18 | 4359594 ForWhomTheTollBuilds
ForWhomTheTollBuilds's picture

I havent read as much FOFOA as I should, but I really liked this part of the Euro design.  I think its planners were most definately looking to create a currency that would do well during a move away from the US dollar.  


"Backing it" with gold wasn't on the table, but having it be completely fiat would have meant it would collapse the moment faith in USD was lost.   Gold marked to a (cash and carry) market price sure looks like a realistic possible future.

Thu, 01/23/2014 - 12:42 | 4359166 Spungo
Spungo's picture

Translation: we've bought as much gold and gold mining as we can afford, now let's pump this fucker before we dump it.

I'm ok with that. About 1/3 of my portfolio is gold mining companies, the other 2/3 are silver mining. 

Thu, 01/23/2014 - 12:44 | 4359175 GrinandBearit
GrinandBearit's picture

GLD maybe, not phyz.

Thu, 01/23/2014 - 12:43 | 4359167 Save_America1st
Save_America1st's picture

that's why gold just got slammed at 1265 back down to 1260...silver got the monkey hammer as well.

keep stackin' though...any silver to be had under 30/oz is still excellent.  I love that the evil scumbags have kept silver around 20 for so long...all the more time to keep stackin' phyzz for cheap!!!

Thu, 01/23/2014 - 12:50 | 4359195 SmallerGovNow2
SmallerGovNow2's picture

Eagles still $25 each!  25% premium?  no thanks...


Thu, 01/23/2014 - 15:16 | 4359827 Greenskeeper_Carl
Greenskeeper_Carl's picture

No thanks from me too. i don't now why everyone is willing to pay a 20-25% premium for eagles. I quit buying them. You are giving your money to the US gov. Buying gold or silver from the US mint, allowing them to make money off you pretty much goes against everything most stackers say they believe in. You say you reject the FRN, and the corruption of our whole financial system, yet you continue to give money directly to the treasury

Thu, 01/23/2014 - 12:59 | 4359220 XAU XAG
XAU XAG's picture

When you compare the price of an oz of silver to the price of a big Mac


Silver is cheap...............or is the big mac over priced

Thu, 01/23/2014 - 12:43 | 4359168 Conax
Conax's picture

But gee, they promised us sub-1000 gold just a few weeks ago.


Thu, 01/23/2014 - 12:44 | 4359172 Sufiy
Sufiy's picture

Gold - second attempt to cut through $1270 now

Gold Jumps As Mother Of Short Squeeze Arrives 

Gold jumps today more than 2% and is up now $28 to $1265 level. The real fireworks will be started after Gold cuts through $1270. Few news appear to be behind the move: another set of rumours of relaxing Gold import policy in India, bad economic data from China with PMI below 50 and pumped rumours in the western press about coming default in one of the shadow banking system products. US markets are sharply down today on Jobless claims and dismal Existing Homes Sales.    But the real story is US Dollar which is almost in a free fall and is crossing 80.60 level to the downside. This time we have the normal correlation and falling US Dollar is sending Gold to confirm its break out from 2013 Double Bottom at $1180.

Thu, 01/23/2014 - 12:44 | 4359174 monopoly
monopoly's picture

We are in a currency war. Plain and simple. Broken markets. A race to the bottom. Like what I got.

Thu, 01/23/2014 - 12:46 | 4359180 Obama_4_Dictator
Obama_4_Dictator's picture

Getting very excited....maybe this shit show will finally implode - one can only dream

Thu, 01/23/2014 - 12:51 | 4359184 RockRiver
RockRiver's picture

Somebody needs to explain what forms the 1270 "pivot" before I buy into this one.

Thu, 01/23/2014 - 12:47 | 4359188 Colonel Klink
Colonel Klink's picture

Good old Bankruptcy of America Muppet Looting.  I'd avoid them like the plague.

Thu, 01/23/2014 - 12:56 | 4359213 seek
seek's picture

Yeah, TA on gold when the banks running COMEX have an unlimited supply of the Fed's freshly printed dollars to back them up.

How many times Brian Sack's replacement hits the snooze button in the morning is going to be way more accurate than this, until the Fed is dead at least.

Thu, 01/23/2014 - 13:03 | 4359241 fooshorter
fooshorter's picture

Suck it BitCoin! You don't Hold it you don't own it!!




Thu, 01/23/2014 - 13:03 | 4359243 dabronx199
Thu, 01/23/2014 - 13:03 | 4359244 Lordflin
Lordflin's picture

I have followed the PMs market for years. Back in 2011 the market left any simbalence of fundamentals behind, along with the rest of the market, and the Fed became the only game in town. Now if someone were to invite me into the inner circle of the Fed that would be useful... in fact, I could think of all kinds of uses, some conventional, some not.

That said, I do not believe we have left 6000 years of human history in the dust with the advent of a new magical monetary system. Therefore, PMs for the long haul, short to medium is just noise. If you want to arbitrage the waves feel free... But don't expect logic in a market subject to capricious whim.

Thu, 01/23/2014 - 16:31 | 4360074 SilverSavant
SilverSavant's picture

I have been focused on PM's since 2000 and I do not think it matters whether they loose control of this market yet,  No matter what, this next run up is going to be a very fun ride.   I think 2,600/110  is a slam dunk for this run.   They have used every trick in their book to crush it down this far and this long.   There are a lot of people in this world that don't even know who JPM is, but they know what silver and gold are.  These people have a growing interest.   Then look at how the Western World is being seduced by the track record of PM's against everything else.   This run will be smokin.   The only problem is wondering how much to take off the table. Afterall, afterall all all all all, one of these times the system is going to spark off and just dissappear.  It doesn't matter how good your control of the media is, after so much bull fertilizer, even the slowest will have been exposed to the idea that this is only one thing they cannot make left in this whole wide world.   When it runs this time it is going to attract the attention of several new species of predators, that didn't compete for the last run.  That on top of new numbers from the old predators.  The system is so fragile these days that it could vaporize overnight, or it might even be able to run another 14 years.   You see, I have been wrong before.   But I will make one prediction that you can take to the bank, the riverbank, or maybe the lakebank.   Gold and Silver will continue to go up in price.  At the same time the fiat currencies will be inflated and go down in purchasing power.   Both forces will force gold higher.

People are beginning to think about having 10% portfolio expose to PM's.   It has been 30 some years since that was the case and the PM market is equal to 1.5% of the fiat flow.  It is just a matter of time, tomorrow, next week, maybe next month, maybe even next year.  Then more than the current 2% of western world investors will actually buy gold.   Yes, real gold, not paper gold, real hold it in your hand, fill the bathtub and bathe in it gold.  Then they find out that India, China, Thailand, Vietnam, Russia, Saudi, etc, etc. etc. eastern country already bought it all and don't want to sell it to us. 

Not for $2,000, not for $3,000, in fact many will hold it for 5 figures.   Why in the hell would they do that?   For the simplest reason ever, there will not be a good alternative.   When you fuck things up as bad as they have fucked things up, when it all comes apart, it won't be pretty and it won't settle down very fast.  

So, get off your ass and do something with some real benefits and real results.  Buy Silver and Gold.   You won't believe the pleasure of sitting in a circle of silver.   Then you will feel like superman, when you stuff $50- maybe $500K worth of gold in your pocket of your old jeans and stroll down the way.  Top that off with the pleasure of knowing that somewhere a bankers rhoids just flared up, while others are feeling the first itch.   I tell you, you will be hearing people rhapsodize about the pleasures of heavy metal and you will feel like such an effing fool if you aren't one of theml

So, Lordflin, When you expose yourself by saying that " short to medium" is not important, after the longest beat down of the last 5 cycles, I have to call in and say that is not what I think at all.  When this finally breaks out, and it hasn't yet, it is going to be the best thing that ever happened to PM owners. Notice that I said owners, if you are still waiting to buy, one day soon it is going to run off and leave you sitting in the should-a-bins.   Wondering why you waited too long.  Waiting for the big dip that finally comes just when you give up and buy. 

Thu, 01/23/2014 - 13:05 | 4359258 Spungo
Spungo's picture

"keep stackin' though...any silver to be had under 30/oz is still excellent"

How are you guys putting a value on these metals? I'm only buying mining companies because they're extremely distressed and hated at this time, meaning they are likely to go up from here. What is gold actually worth? I have no idea. 

Thu, 01/23/2014 - 13:52 | 4359472 kk1532003
kk1532003's picture

apparently the mining comapnies you are buying think its worth quite a bit.

Thu, 01/23/2014 - 13:10 | 4359280 orangegeek
orangegeek's picture

Spot Gold weekly shows the start of a turn, but the upside move is weak


The USD is tanking today - which helps gold move higher.

Thu, 01/23/2014 - 13:15 | 4359296 The Duke of New...
The Duke of New York A No.1's picture


Do not squeeze Gold yet ... we still haven't bought back the German Gold we sold into the market years ago ... must shake more Gold from Sheeple under at $1250.


Thu, 01/23/2014 - 14:12 | 4359555 Its_the_economy...
Its_the_economy_stupid's picture


Nobody is paying any attention to your Channel Sweeping. We're not buying on margin. Sweep away. Each time you shake the tree, less fruit will fall. The market perturbances must increase in magnitude.

Thu, 01/23/2014 - 13:19 | 4359317 MeelionDollerBogus
MeelionDollerBogus's picture

in the last 12 hours gold has soared low to high of more than 2 thousand 7 HUNDRED
ZOINKS & jinkies!

izz all maniperlated!

Thu, 01/23/2014 - 13:23 | 4359348 Its_the_economy...
Its_the_economy_stupid's picture

If you're under 50, you're stacking for dotage. Over 50? Stack for the downline.

Thu, 01/23/2014 - 13:33 | 4359378 Its_the_economy...
Its_the_economy_stupid's picture



(Thought better of it. Thanks for the upvote.)


Thu, 01/23/2014 - 13:34 | 4359397 maskone909
maskone909's picture

damn that means i have 14K more to go.  although i am 30

i would have to buy around 250 eagles per year to catch up


Thu, 01/23/2014 - 14:02 | 4359522 Its_the_economy...
Its_the_economy_stupid's picture

I will never catch him.

Thu, 01/23/2014 - 13:33 | 4359390 soopy
soopy's picture

so now we move from mocking the TBTFs to quoting them as gospel, when it applies to gold.  Spot on, spot on.

Thu, 01/23/2014 - 13:47 | 4359454 devo
devo's picture

haha. of course. gold bugs aren't very sophisticated.

Thu, 01/23/2014 - 15:43 | 4359934 Papasmurf
Papasmurf's picture

They don't need to be.  It's a buy and die decision, you only need to make once.

Thu, 01/23/2014 - 13:44 | 4359448 Frank N. Beans
Frank N. Beans's picture

So according to this chart, the angle of the dangle decreases with the sag of the bag?

Thu, 01/23/2014 - 14:02 | 4359518 tawse57
tawse57's picture

Bull trap.

They will take gold and silver down to new lows soon - that will be the last burn before the real rally IMPO.

Thu, 01/23/2014 - 14:12 | 4359573 Its_the_economy...
Its_the_economy_stupid's picture

There will be no last burn until the market fails.

Thu, 01/23/2014 - 14:19 | 4359596 tawse57
tawse57's picture

Convenient rumour that Indian is about to remove the gold import ban and gold soars.

When the rumour is disproved gold and silver will plunge. Standby to see June 2013 lows broken.

Thu, 01/23/2014 - 14:21 | 4359606 jpintx
jpintx's picture


Thu, 01/23/2014 - 14:38 | 4359664 enloe creek
enloe creek's picture

stocks get trashed bonds get bid so no worry about inflation pounds gold the rotate back to stocks round and round we go

Thu, 01/23/2014 - 14:38 | 4359668 thewayitis
thewayitis's picture


 Other analysis for 2014:


Citi Bank:
Citi Bank says gold prices will average $1,255 an ounce in 2014. Tapering of Federal Reserve quantitative easing could lead to a fall in gold prices in the first quarter, but Asian buying spree led by China could lend support to the yellow metal prices.

Bank of America Merrill Lynch:
The bank predicts that gold will average $1,294 an ounce in 2014. The yellow metal could boom to touch a $1,350 average in the fourth quarter of 2014. The banks says that the upside remains limited for now, in part because none of the concerns that brought investors to the market post-recession materialized - for instance, inflation remains low and USD has not debased. Also, the tighter monetary policy in the U.S. and rising rates are hanging over the market and could push gold towards $1,100/oz in 2014.

The bank says gold price is going to be in a boom period in 2014, and predicts that the yellow metal could go up to $1,400 an ounce this year. It bases the argument on the investment demand for gold from Asian countries, especially China and India.

Goldman Sachs:
Goldman has an entirely differing forecast for gold compared to that of Commerzebank. It says that gold prices would considerably decline in 2014 to average $1,275 per ounce. The investment bank predicts that gold prices could slump to $1,050 by the end of 2014.

Canadian Imperial Bank of Commerce:
Gold will fall to $1,000 an ounce in 2014. The Federal Reserve tapering is driving gold to a slowdown. The bank does not see much recovery in gold prices in 2014.

UBS is also not very bullish on gold for the year 2014. It predicts that gold prices could be around $1,200 per ounce next year, as there is limited investor interest in the yellow metal. “Gold is unlikely to regain its former appeal. The more upbeat outlook on the global economy, the reduction of tail risks, and the growing appetite to take on more risk suggests that safe havens like gold will become even more unfashionable up ahead,” UBS forecast said.

Standard Chartered:
Standard Chartered forecast on gold is on the similar ground of arguments like that of Goldman Sachs. It says US interest rates could pressurize gold, resulting in an average gold price of $1,200 an ounce in 2014

Thu, 01/23/2014 - 15:43 | 4359936 quasimodo
quasimodo's picture

You left out KWN with a "Gold shortage to crush the shorts" and "The chart that nobody wants you to see"...............

Sun, 01/26/2014 - 02:45 | 4367954 RebelDevil
RebelDevil's picture

haha I know, Eric King loves to scare the shit out of you with those headlines, doesn't he?

Thu, 01/23/2014 - 14:43 | 4359684 kragsquest
kragsquest's picture


Thu, 01/23/2014 - 15:50 | 4359954 Papasmurf
Papasmurf's picture

You won't ge rich.  At best, you've hedged against getting poor. I don't know why folks don't get that.  Only leverage makes you rich.  And fraud.

Thu, 01/23/2014 - 15:21 | 4359840 Magnum
Magnum's picture

Hey ZH you cried wolf about soaring gold before but why the silence now -- today looks like it really is happening.

Blast Off baby.

Sun, 01/26/2014 - 02:41 | 4367956 RebelDevil
RebelDevil's picture

You get more cautious with your predictions if you predicted wrong in the past.
(btw, Gold should have soared had supply and demand for the actual metal determined the price, but the TBTF banks buried supply and demand economics with their naked shorts and HFT manipulation.)

Thu, 01/23/2014 - 15:32 | 4359890 Mi Naem
Mi Naem's picture

Over 1265 for the 2nd time today. 

They're gonna need Christie to come sit on this baby pretty soon. 

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