One of the biggest cliches in markets is analysts who hike their price targets after a move.
The latest are from Credit Suisse and UBS who hiked gold price estimates today.
UBS sees $1850 in one month. Credit Suisse expects $1775 in three months (a whopping 2.6% above spot).
I would say that both of those estimates are too low if QE3 comes on Thursday.
