WINDERMERE, Florida (Stockpickr) -- It seems like the entire world is bullish on gold. Every trader I talk to, everywhere I turn, and everything I read is predominantly bullish on the future prices for gold. Every time I turn on the financial news channels, I seem to catch a guest talking up gold. Even central banks around the globe rarely say or do anything that is considered bearish to gold.Just take a look at a few of these gold bull examples. Famous hedge fund manager John Paulson recently said that gold could hit $4,000 an ounce. According to permabear Peter Schiff, who has a target of $8,000 to $10,000 an ounce, gold is still a bargain. Jim Rogers is calling for gold to hit $2,000 in five years, a more tepid forecast. Even Barron's came out with a bullish piece on gold this weakened called "A Golden Era for the Yellow Metal," which forecasted that gold prices will average $1,500 an ounce by 2015. Now even the investment banks are getting in on the party. Just this morning, Goldman Sachs Group ( GS) announced an upward revision for its gold forecasts to $1,400 an ounce, $1,525 an ounce and $1,650 an ounce on three-, six- and 12-month horizons, respectively.
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