Goldman Sachs cuts 2010, 2011 gold price forecasts

Goldman Sachs cut its 2010 gold forecast to $1,165 an ounce on Monday from a previous price view of $1,265, citing a rise in real interest rates, but said it still expects to see the metal at record highs next year.

Follow the money not the talk.

What is your definition of safe haven? Currencies or debt denominated in fiat devaluing against gold?

Price of gold in fiat is either making new highs or signaling a turn (green bar) within secular up trends. Be certain that major investment houses and connected players see and understand these trends.

Ignorant and disorganized always makes for easy prey.

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Source: in.biz.yahoo.com