Last I saw the futures were still up at $1391.70 having been turned back at $1402.
From 24/7 Wall Street:
After Price of Gold Tanks, Bank of America Slashes Gold Target
...Bank of America Corp.’s (NYSE: BAC)
report is called “The Thundering Word: The Gold Flush” and it shows
what BofA expects now that gold is down $300 and oil is down more than
$20 in the past eight weeks. Its commodity
strategists see risks that gold could fall yet another $150 per ounce.
BofA also has removed its $2,000 gold price target for 2014, and the
firm went even further by reducing its core asset allocation in precious
metals from bullish to neutral. Today’s downgrade called gold an
idiosyncratic commodity. Yep, another gold bull has run the streets and
been slaughtered. On oil, BofA shows that the risk for Brent crude is
down to less than $95 near term....MORE
