<Citi Predicts Gold At $3400 In "The Next Two Years">
My immediate reaction is WHY?
"Ahhhh. The first sign of a peace offering from 'the dark side'."
So again why and Really?
My conclusion is that after long time shorting with their budies (i.e.aquiring on the cheap) while saying one thing and doing the opposite they have finally aquired sufficient resources to switch tactics and offer their loot back to the original sellers. Of course they do not want to sell at the shorted prices so the propaganda campaign witches to raise the prices back up to make it profitable for them to sell back.
Apprently the shorting has nearly exhausted the supply ( can't sell to each other ) and they need to run it the other way.

With gold and silver bullion it is just to keep people from these metals as safety. Again they see the hopelessness with huge Chinese buys, so finally they are saying what is inevitable.

I do not beleive that these types suddenly found redemption after all this time.