Goldman Sachs is the bank that survived the financial crisis very well, so it is good to pay attention when they just released their surprisingly bullish 2011 Forecast.
In it, the banking giant predicts that oil futures will climb to $105 a barrel and that the S&P 500 will continue its uptrend a further 25% next year.
Not surprisingly, Goldman strongly recommended investing in the U.S. large cap commercial banking sector.
But perhaps most shocking is Goldman's prediction that gold prices will climb to $1,690 an ounce by the end of 2011 - and that prices will continue to rise to $1,750 sometime in 2012.
That's an additional 25% upside for the yellow metal in a decade that's already seen 266% gains in the price of gold.
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