they are suggest a TP of $30.01 but only have a HOLD. Interpreted as a LT play sentiment.
Hotbmw,
I’ve read the most well argued intellectual research on why gold is going to +$2,500US for the past 20 years. Most recently read an advanced conspiracy theory from a foremost research house that specialise in gold on why its being kept artifically low. The argument of it still being a store of value and linked to the US currency/ economy is perhaps the greatest investment fallacy still perpetuated IMO.
Some major gold stocks have had a good run of late but as we're more likely to see deflation I can't see it lasting. If there is any sign of recovery it’ll cause a fall in the gold price. Without any sign of recovery who can possible afford it?
Question for you: why hasn’t your predicted price already eventuated? Beware of likely immediate response of world bank + central banks trying to pay for their deficits if worst case eventuates if this is going to be your response.
LEI Price at posting:
$18.13 Sentiment: LT Buy Disclosure: Not Held