For those interested, an interesting read:
http://pragcap.com/goldman-sachs-not-so ... about-gold
Goldman Sachs Take on Gold
Moderator: Global Moderator
Re: Goldman Sachs Take on Gold
Articles like that from what are supposed to be the smart people make me so happy to have the PP.
The tone of the article reminds me of that game where the blindfolded person touches different parts of the elephant and guesses what it might be.
99% of market commentary is pure entertainment.
The tone of the article reminds me of that game where the blindfolded person touches different parts of the elephant and guesses what it might be.
99% of market commentary is pure entertainment.
Q: “Do you have funny shaped balloons?”
A: “Not unless round is funny.”
A: “Not unless round is funny.”
Re: Goldman Sachs Take on Gold
The interesting thing about GS is that whenever they put out a bullish or bearish call on anything, you can safely position yourself in the opposite direction. I suspect it's intentional to get a better bid on whatever position they are interested in. The percentage of public calls that go sour is astonishing.