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Goldman Sachs Cuts 2013 Gold Price Outlook

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  • Description

    Kenai Capital’s Tres Knippa on the outlook for prices on the precious metal.

  • Duration 0:55
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Gold Goldman Sachs cut its forecast.

To 16100.

Dollars an ounce for this -- -- Wanna go back to -- -- -- project cargo come on -- bandit.

I don't know what he's gonna say at 10 o'clock I think I -- lose any weight he's gonna not print a ton of money.

And Europe's gonna be printing up a storm to so why isn't gold spiking you gotta tell me.

Well as.

-- gold was volatile gold is gonna move around and gold is getting caught up in some asset allocation switches if -- do you continue to watch a lot of the financial channels in the -- analyst they're gonna tell us that the stock market it can rally 2030%.

From here so -- what investors do is they sell assets and one class and they moved to stocks so I'm so I think you're just seeing a move an asset allocation.

But this news and Italy certainly supports gold for sure -- long jump trick and -- always a pleasure thanks for getting straight to the point young man as regular.

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