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Goldman Sachs: Short Gold - but.......

 
ATSkyWalker
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User ID: 37625592
Canada
04/10/2013 02:16 PM

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Goldman Sachs: Short Gold - but.......
The boys at Goldman Sachs are trying to convince people to short gold in order to further bring down the prices and fulfil their own prophecy. What a mess.

I say... Bring it down fuckers so that I can buy more... Just like you!


Goldman Sachs is chasing gold to the downside.

With the precious metal inching closer to a bear market, the firm tells clients that now’s the time to short gold.

Goldman slashed its short- and long-term gold forecasts, a move that comes about six weeks after the firm had already turned even more bearish on the metal. Goldman now sees gold ending the year at $1,450, a forecast that came down from $1,600 at the end of February and $1,810 prior to that.

[link to blogs.wsj.com]
GuidedOne

User ID: 37797259
Lebanon
04/10/2013 02:21 PM

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Re: Goldman Sachs: Short Gold - but.......
Exactly how much gold is there in the world? We have been digging it up for thousands of years there cant be much left.
Id rather die enormous than live dormant

Dear sir, poor sir, brave sir: You are an experiment by the Creator of the Universe. You are the only creature in the entire Universe who has free will. You are the only one who has to figure out what to do next--and why. Everybody else is a robot, a machine.

Just when I thought I was out, they pull me back in
GuidedOne

User ID: 37797259
Lebanon
04/10/2013 03:37 PM

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Re: Goldman Sachs: Short Gold - but.......
bump
Id rather die enormous than live dormant

Dear sir, poor sir, brave sir: You are an experiment by the Creator of the Universe. You are the only creature in the entire Universe who has free will. You are the only one who has to figure out what to do next--and why. Everybody else is a robot, a machine.

Just when I thought I was out, they pull me back in
Anonymous Coward
User ID: 37810768
United States
04/10/2013 09:10 PM
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Re: Goldman Sachs: Short Gold - but.......
There going a mile deep in Africa just to mine it.
Anonymous Coward
User ID: 12698388
United States
04/10/2013 09:39 PM
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Re: Goldman Sachs: Short Gold - but.......
it would be awesome to see a short squeeze of the Goldman Sachs.

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