PMs: Goldman Sachs Turns Bullish on Gold, So It Must Be time to Sell Gold

[bobbyw24]

Goldman Goes Goo-Goo For Gold: "Gold Market Poised For A Rally As US Real Rates Head Lower"

Submitted by Tyler Durden on 08/11/2010 18:15 -0500

Goldman dedicates 9 pages to a regime change in which it goes openly bullish on gold. The report is attached, which we present without commentary but as always, if there is one flashing red light saying the peak price for any asset has been hit, it is a Strong Buy signal by Goldman. The report will likely result in a brief pop in spot over the next 24 hours as the idiot money rushes into the latest Goldman trap. Alas, it also means that GS is now offloading. Be very wary of market dynamics over the next month

http://www.zerohedge.com/article/go...-market-poised-rally-us-real-rates-head-lower

 

[Acala]

Goldman

You play with Goldman in the short term, you get burned. You play with fiat money in the long term, you get burned to the ground.