Bob Lenzner: Stop Fighting the Tape on Gold

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Robert Lenzner of Forbes has been covering the financial markets for almost 50 years.  He’s got a panoramic piece up on gold and the investors who have loved it over the years – from the hoarding nihilists to the adventurous founder of Silver Wheaton ($SLW) to the analysts at Goldman Sachs who have just slapped an $1800 price target on the metal…

From Forbes:

Now Goldman Sachs comes in to place its stamp of excellence on gold…Maybe Goldman’s weighing in will trigger the inevitable pullback predicted by other market analysts. Then again, Goldman has found religion in QE2. “In addition to gold and platinum,” says Goldman, “we are most constructive on copper, zinc, corn and crude oil.”

Click over for an easy read on the state of gold investing.

Source:

Don’t Fight the Tape on Gold, Just Buy It (Forbes)

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