Jeez..If I was JP Morgan I would roll over in my grave...
How stupid is this News Release..
a week or two AFTER their target price they release this...Thank goodness these "Professionals"are not looking after my money..
JP Morgan Issues $1,000 Gold Forecast
-- Purchasing, 9/17/2009 2:00:00 AM EDT
Gold averaged $950/troy ounce in August but analysts at J.P. Morgan and Standard Chartered expect the price to rise above $1,000 before the end of the year. These bullish analysts believe economic recovery could create a considerable boost for jewelry demand, which remains one of the strongest forces affecting the price of the metal.