Gold Rally Can Wreck $4900 Target, Silver Joins the Party -GS - SilverTrade
Gold Rally Can Wreck $4900 Target, Silver Joins the Party -GS - SilverTrade
Source: SilverTrade
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DW NOTE
Goldman Sachs's $4,900 gold target assumes the rally continues in a straight line — but gold is already down 12% from its $5,318 January high, and silver is off 40% from its peak. A "rally" that's still deeply underwater from six months ago isn't a breakout, it's a dead-cat bounce in a market that topped out when the Hormuz blockade began and hasn't recovered since.