so u want to wait until it falls below 1165 to sell out?
anyways here is some news:JP has 950 price forecast:- NEW YORK (MarketWatch) -- J.P. Morgan Chase analysts on Thursday lifted their price targets for several gold and silver mining firms and raised their long term price forecast for gold. "It's difficult to buy gold after its strength and close to record highs. However, we feel it's more difficult not to have a gold position in these highly uncertain times. Even at these levels we'd encourage investors who haven't yet entered the gold sector to open a starter position," the analysts told clients in a research note. They raised their price targets on Agnico Eagle Mines (AEM 58.62, -1.23, -2.06%) , Barrick Gold (ABX 42.71, -0.01, -0.02%) , Goldcorp Inc (GG 43.61, -0.71, -1.60%) , Kinross Gold (KGC 17.22, -0.21, -1.20%) , Newmont Mining (NEM 55.70, -0.75, -1.33%) , Pan American Silver Corp (PAAS 25.18, -0.06, -0.24%) , and Silver Wheaton (SLW 18.81, -0.37, -1.93%) . They also raised their long term forecast for the price of gold bullion to $950 an ounce. The analysts said they expected gold had a 25% chance to go as high as $1,500 an ounce should inflation spike.
