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Why Goldman Sachs is Wrong on Gold

- Michael Pento - Delta Global Advisors

Goldman Sachs has basically a 100% success rate on trades (feel free to correct me if I'm wrong). So, I'd sure love GS to be wrong, but, bottom line, they have a chokehold on trading that simply guarantees they will be right.

Right up until the point they are wrong, of course.

Commented 3645 days ago

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Beginning of the headline :Wall Street powerhouse Goldman Sachs has recently reiterated its negative view on gold, which it has held for the past year. However, it is now doubling down on this view and advising clients to actually go short the metal. Jeff Currie, head of commodity research at Goldman noted "Our target is really driven by the view that we think that the Fed will ultimately be the dominate force here and put more downward pressure [on prices]". While I am in agreement with Goldman that the Fed wil... Read More

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