Founders: Goldman Re-raises to $3700-- Manic Monday
The ETF Tsunami Builds
Context:
The Exotics they have outstanding…
They already just raised Gold targets last month
The trading desk “updating” their institutional players just Friday
We only read the summary so far.. and will break this down and write this up soon as time permits for Premium monday or Tuesday
META COMMENT:
The part that makes us believe this is not just an exit liquidity report is they are now divulging their “take” on ETF flows and their effect…. which is what we humbly said on March 14th could be the deciding factor and also came up with some price potentials of $3600 to $4285 based on that unknown . ( i.e.- all other demand-side drivers now being nicely quantified by GS except one— how much and how fast ETF demand would pile-in — will determine *price-spike* heights)
The Banks real target is now 3500-ish if the ETF demand does not spike