They must have loaded up and need to sell a boatload.
(LT gold bull here, but there will no shortage of opptys to buy gold at these levels)
To hear BAC talk about gold is like hearing Khalid Sheik Mohammed talk about how good Ballpark Franks are.
If the supreme court knocks down obamacare and wisconsin keeps their governor— then gold dies..
BoA: Pump and dump.
“Our longer-term view remains that gold is in a secular bull market with upside potential to $2000-2300 to as high as $3000 in coming years.”
How long before we heard this being parroted by all the gold pirates we hear on the radio?
Bring It On, Baby!!
3000 or Bust!!
A BoA analyst has about the same credibility as George Soros.
That is, I would not trust him to guard a trash bag full of used diapers.