Meme Alert: GOLD $3,000
(Business Insider) Gold futures settled at $1,576/oz, down around 1 percent for the day. This month, gold dipped its toes into bear market territory.
But we’ve heard at least four big names talk about gold heading to $3,000.
Gluskin Sheff’s David Rosenberg told the Financial Times that gold “will go to $3,000 per ounce before this cycle is over.”
Sean Boyle, CEO of mining giant Agnico Eagle expects gold to pass $3,000 within 24 months.
Bank of America Merrill Lynch’s technical analysis team has argued for $3,000 and $5,000 gold in recent day.
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