Durden: Goldman Hikes Its 12 Month Gold Price Target From $1,735 To $1,830

via Zero Hedge

• The first of many gold price upgrades is here, as Goldman's David Greely finally catches on to what has been all too obvious to anyone with a frontal lobe
• Gold prices rise to record high as 10-year US TIPS yields plunge to a record low
• Further, the recent escalation of sovereign debt concerns suggests that the near-term risk to our new forecast is skewed to the upside, and we continue to recommend long trading positions in gold.

I would suggest that everyone that the government has been doing has been wrong.   Instead of greater spending, there should be less.  Instead of bailouts, there should have been bankruptcies.  Instead of quantitative easing, there should have been higher interest rates.  The definition of insanity says that you keep doing the same things again and again, while expecting a different result.  The left's only answer to our current situation is to keep spending more!  Keep doing the same old thing because we aren't doing enough of it, they say.  If this isn't insanity, there is no such thing.