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Goldman: Gold is Going to $1200 (-30%)

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The real test of the prediction will only be known in 2018. One cannot take the exact price and timing too seriously, but it was a medium-term forecast for a fall. 


Meanwhile, to the extent that it was a bearish call, anyone acting on that basis would have done better in this single year, compared to any neutral or bullish forecast. The blue arrows show their predicted direction, and what actually happened.







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