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(CNBC) Unlikely Gold could hit $2,500 by next year, according to an angry little cowboy who started jumping up and down and firing his gun into the air upon hearing the news   (cnbc.com) divider line 8
More: Unlikely, ETF, market participants  
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805 clicks; posted to Business » on 19 Dec 2011 at 7:36 AM   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»   |    Get this fabulous T-Shirt and impress the methane out of your friends! shirt it!



8 Comments   (+0 »)
   
 
2011-12-19 07:16:41 AM
So in other words: SELL!
 
2011-12-19 07:41:32 AM
It could also reach $100 by next year.
 
2011-12-19 07:58:01 AM
When is it okay to start calling this a bubble?
 
2011-12-19 07:59:41 AM
Despite the correction in gold prices in recent months [XAU= 1596.1899 -2.56 (-0.16%) ], Schels said sustained investor demand would result in gold prices averaging $1,850 in 2012, up from $1,573 in 2011.

That's *much* more reasonable, but starting with $2500 is a nice way to seem extreme.
 
2011-12-19 08:31:07 AM
Someone needs to shoop Glenn Beck's face onto said cowboy.
 
2011-12-19 11:39:57 AM
Author just sunk everything they had into gold, and wants a decent return.
 
2011-12-19 01:14:27 PM
linkvanareviews.com
 
2011-12-19 08:31:41 PM
i.imgur.com

A Yosemite Sam reference always makes me smile.
 
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