Here's the lesson Deutsche Bank learned from previous gold rallies as it lifts target to $6,000

From morningstar.com

The German bank's new $6,000 target for the end of the year - a 28% increase from its previous forecast - matches that of Societe Generale as Goldman Sachs and Morgan Stanley also lifted their targets. So the notable point is not so much the increased price, but the rationale. "What are the historical lessons to be learned from gold rallies, and are today's investor motivations different from earlier motivations," asked analysts led by Singapore-based Michael Hsueh. "When we look at sharp episodes of gold appreciation, we find that in 2/3rds of cases, gold is higher still after 6 and 12 months." The analysts said ... (full story)