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Goldman Tells Its "Special" Clients To Sell Gold Even As It Raises Its Price Target On The Shiny Metal
A week ago Goldman raised its price target on gold to $1,300/ounce, an action which judging by the firm's historical record of putting its clients' interest in its rightful last place, led us to be skeptical: "The report will likely result in a brief pop in spot 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." Today we realize our skepticism was perfectly justified: in the latest Perspectives from Goldman Sachs Asset Management (intended FOR BROKER-DEALER, FINANCIAL INSTITUTION, OR INSTITUTIONAL INVESTOR USE ONLY. NOT FOR DISTRIBUTION TO CLIENTS OR THE GENERAL PUBLIC), in addition to summarizing all the other recent actions presented by the firm's key departments, way in the back, in very small print when discussing commodities, the letter author notes: "Shifted our stance on gold after years of being long; see gold as vulnerable to Central Bank inactivity in the face of rising deflation risk." Once again, those who bet that Goldman does precisely the opposite of what it tells clients to do, win.
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I just sold it all....phew!
There you go...either that was a Goldman plant, intended for certain websites, or it really is the case that Goldman is shafting the only clients that could matter to them. Whatever the case, after today’s bidding it's evident that Goldman doesn’t have a scoobydoo...and when you can put out two opposite views, you are always going to be right. Is this how they achive their eminence?
too many/so many different voices coming out of goldman sachs. why isn't abby out to pasture?
yeah she is R E A L L Y ready for the pasture. damn GS is stubborn.
funny story. guess i have to own it if i tell it. truth though. my (then) girlfriend told me her "NEW" 2nd husband worked for Goldman Sachs. i could only reply with "R E A L L Y". i had no fing idea who goldman sacks was. and this was just 3 years ago. damn dumb girl.
while we are at it with this couple. went over to help my (then) girlfriend cause she just had elective hip surgery, you know to keep skiing the dumb moguls. watching U S Open, tennis style. andy roddick had yet again another idiodic outfit on. i keep saying he looks like a fing republican. he says, "kathy i am a republican and you offend me". guess what, got kicked out of their mansion and told never to call or come back. this situation happened a lot through out my career of being a really B I G m o u t h person. probably really didn't want them as friends any way.
Velo Babe!
guess what i didn't know the definition of miscreant, til you came into my life.
If they're dumping gold they're dumping stocks...
and going long the 30 year. wooohoooo !
You know, that's almost fucking criminal.
The Squid tells one group of clients one story and another group the opposite. Utterly fucking amazing that they can continue to get away with this.
They'll just say it proves how effective the chinese walls between different teams are.
Yah, I know, but that's bullshit.
How is this different from the football-picking shills on the radio and TV. They give everyone east of the Mississippi "Notre Dame" and give everyone west of the Mississippi "USC". They then call back the winning half the next week offering "premium services" for their great picks. Its all just a big con game.
But oh, that's right, Wall St is just a big con game, too.
Goldie screwing someone to make a buck?
"I could not help myself. It is my nature."
http://allaboutfrogs.org/stories/scorpion.html
The old CDO switcheroo play! It worked before.
when you play poker, do you tell everyone what your hand is?
Yes I do.......when its strip poker.
cogg y it's early and i spelled a couple of words wrong.
cogg y surrender
http://www.youtube.com/watch?v=k4SLSlSmW74
guess i have to believe it, cause your sayin it's true.
No, but neither do I mislead the other players, nor lie outright to them.
But I am glad that you see the similarities between Wall Street today, in which many millions of people still have their life and retirement savings invested, and a card game historically known to attract cheaters, card sharks and lowlife scum of the worst kind.
first, want to play poker?
ever hear of bluffing?
Second, if you did not realize that traders are speculators, playing their hands the best they can, you really shouldn't be investing at all. maybe leave it to a pro.
That's why I loved my old job so much, and why i do it today for myself, getting paid to play poker has to be the best gig of all (since i can't play a guitar)
Bluffing is utterly not the same as willful and blatant LYING!
Ever hear of a "poker face"? The essence of it is the withholding of information --- not the dishonest fabrication of information, nor the dissemination of patently untrue information.
But nice to see you standing behind the immoral, slimeball practices of Goldman Sucks.
you really aren't well equipped to deal with the real world are you?
well you go ahead and pretend that traders have an obligation to tell anyone ANYTHING about their positions, and we'll go along making money off you poor fools.
BTW, Goldman Sachs is a corporation, not a living organism, and as such is neither moral nor immoral, although certain individuals that work for it might be.
Cursing Goldman Sachs is like me cursing 'trucks', although a better analogy might be cursing any group of people based on skin colour, for example.
Collectivist nonsense.
To argue that Goldman Sachs, or any corporation, is not a functioning entity within the economy, and that such entities do not have a collective culture and are blameless in anything and everything they do, and cannot be held accountable for their collective actions, belies the firmness of your own grasp on reality.
where did i say goldman is not a functioning entity?
I said it is a legal construct, NOT a person. It does not have feelings, emotions or thoughts.
The people running it do, and they may or may not be heroes, criminals or anything in between.
But to get angry at a non animate object is very strange behaviour, befitting a 2 year old.
Goldman is a collective just like 'blacks' are a collective, and to blame all for the sins of 1 is typical collectivist thinking.
Pisspoor analogy. 'Blacks' are not a collective, and even if they were, accidents of birth would not be comparable to a decision to join a certain firm.
'No raindrop believes it caused the flood.'* GS effectively is a collective, one paying massive bonuses out of forced taxpayer largesse. It's entirely appropriate, therefore, to get angry at a "non animate object" (sic), when such has legal personhood.
I agree, though - they do what they are supposed to do (and they do it very well). That's the problem; that's the system - fortunately, the system is on its last legs. Unfortunately, that means we're all screwed, not just the inanimate objects which deserve it.
*I'll properly attribute both this quote and my particular source when I sober up.**
**Er, I think it was in 'Chasing Goldman Sachs' by Suzanne McGee (appropriately enough).
piss poor attempt at a rebuttal.
if you insist, lets change the analogy to those who join a religious faith.
so, lets blame all catholics for the crimes of one, or perhaps YOU will relate to this better, lets blame all jews for the crimes of one.
it's all collectivist thinking.
[derplicate]
I love how evil deals in semantics. Lawyers, politicians, banks and the devil all have that in common. Winning arguments by twisting words and arguing fine definitions does not make you right it only means you win the argument. When you are drug out in the street and sent to hell for your corruption by an angry mob I don't think God or your new master in hell will give 2 shits about your ability to argue and reason. I may die in the shitstorm to come but it will be with the comfort that I wasn't some stupid dick smug with my ability to win an argument.
It's a bit disturbing the muderous fantasies of some of these ZH posters like yourself. You really just can't wait until people who DISAGREE WITH YOU ON THE INTERNET are dragged out into the streets and shot, huh?
You, sir, need help with your anger issues.
His anger seems to working fine. He's not overly bottling it up. He's not spilling it in unfocused direction. He seems to understand his anger fine. I think it's only an issue for the focal point of the anger.
man i wished I lived in a world where we never even figured out how to sharpen a stick to hurt another person. If anything I figure my stupid ass will be the one drug out and shot for standing up for what I believe in. I am simply tired of peoples bullshit. The sad thing is they KNOW they are full of shit, but that doesn't stop them. Please don't lump me in with muderous fantasizers, the truth is as much as I can't stand that piece of shit above me or people like him I would stand in front of the barrel of a gun before I let someone murder him, unfortunately it doesn't mean I could save him.
And yes I am VERY ANGRY, I have a 3 year old son that I will have to watch struggle through this world to come, and it won't be an easy or nice one. So yeah, i am so pissed I can barely see straight, I want better for him and for your kids and everyone else's on here.
Okay, still kicking. Fair enough. I think I have a much better understanding of your perspective now. Thank you for the clarification.
in a couple of weeks here i have been subject to many lightly veiled death threats. Of course i know it is all childish internet threats by insecure, depressed people, but it is disappointing.
I came here looking for some interesting, new ideas to support my belief that the world economy is in big trouble, after decades of disastrous government meddling.
And i have found a bit of that.
But a lot of the participants are clearly racist (particular hatred for jews) and have no desire to improve anything.
They merely pray every day for disaster that will allow them to fulfil their madmax fantasies of getting to lynch and shoot people.
So far I have been so unconvinced by the irrational arguments and in fact ridiculous claims, I am starting to become a bull.
I am might even go long today for the first time in ages.
go ahead and pretend that traders have an obligation to tell anyone ANYTHING about their positions, and we'll go along making money off you poor fools.
Front running isn't exacly ethical. Hope you sleep well at night.
people who front run don't get repeat business, one would have to be stupid to place orders with a firm that cheated you.
are you saying everyone but goldman is stupid?
I sleep amazingly well, thank you.
So you are long GS? Saying you sleep well implies some kind of affiliation.
Speculation has been going on for awhile.
http://www.jstor.org/pss/3741877
And from what I have read elswhere, the games are actually cleaner than they once were.
no, not long gs, no affiliation whatsoever.
i have no idea what the front running comment was about...made little sense to me, but that's not unusal here. I just stated my opinion about it.
I am retired and trade with my own money, so no idea what the person was talking about.
So yes, i sleep very well, thanks.
I'm not even worried about all the posters here who want to kick in my door at 3 am and shoot or lynch me : )
I think that empirically proves you are one of the few in the world population that lack the ability to feel empathy.
The same empathy you showed when you said you'd be pleased to see him dragged out into the street and killed by a mob?
Hypocrite much?
Read more closely please. I never wrote that I would be pleased with him drug out in a street and killed by a mob. I may not be a fortune teller but throughout time that has been the general trend of what happens to people like him when things boil over. And not to play into your game but if VW truly is evil then how would I empathize with that, where as I stated that he lacks empathy towards the innocent that are cheated even if it is due to their own ignorance?
I happen to think all the bailouts were totally immoral and unfairly stole form the poor to reward the rich.
But the anger should be aimed at the gov't that insisted upon it, not at the institutions that accepted it.
The companies that took the money merely did what they are supposed to do, protect their interests and those of their shareholders.
It may not be right, but the real criminals are the Obama administration and all those before them.
The relentless criticism of goldman leads me to question whether the motives of the critics are really to reform government policies, or just a hatred of the successful.
methinks 'tis the latter, and that's what i object too.
you all take it as some defence of all things goldman, as usual. Nuance is not your strong suit i guess.
I do agree that the politicians are at fault but which came first the chicken or the egg? The politicians and policy makers are funded by those institutions and the politicians protect and support those institutions. If you don't see that I really don't know how you don't. It seems you've chosen to look at only one side of the coin if that's the case.
Mr. Bug has just explained very simply to everyone as to why no one should be invested in anything that the Banksters have their hands in. "Investing" has nothing to do with the allocation of capital for productive purposes. "Investing" only exists for the enrichment of the Banksters. So, Mr. Retail Investor, the Fed is jamming it down your throat by keeping interest rates artificially low for the last decade or so (no interest on bank deposits plus a depreciating dollar) while the Banksters have been slamming your behind with Ponzi (stocks) after Ponzi (real estate) after Ponzi (bonds?). Message from your government to you: "F@ck You! Just pay your taxes and STFU!".
If you believe that everything is rigged against you, and more importantly, you are incapable of doing your own due diligence in determining a good investment from a bad one, then yes, I agree wholeheartedly with your assessment.
If you are dumb as a brick and rely on others to think for you, you are better off raising chickens.
And if you believe the major markets operate in an atmosphere of honesty, fairness, and transparency, in which the playing field is level and you as an individual are able to compete on an equal basis with TBTF, government-backed oligarchies such as Goldman Sachs, then I suggest that you dismount from your skittles-shitting unicorn and up your meds.
i am sorry you feel you are unable to compete with the very smart goldman traders and their colleagues.
maybe you should get them to manage your money?
I personally do my own due diligence, and buy companies, currencies and commodities I feel are good values.
I dream of some firm or person artificially forcing the price of one of my target investments lower, I would literally cry with joy if I was able to buy something I want at an artificially low price.
Yet all you supposed gold lovers scream blue murder when gold dips (and the price is in paper dollars yet, bizarre).
No wonder you can't compete. It does take clear thinking and a little brain work.
You are wrong again, troll, as usual here.
I don't try to compete with Goldman Sucks, because I am not a trader! Greed and gross venality are not what motivate me at all, but it still outrages me to see the rampant corruption and insider advantages being enjoyed by such firms as GS, to the detriment of the average investor. The widespread and self-evident crimes, corruption and manipulations of markets and political pull by such oligarchic corporations is screamingly obvious to anyone with the courage to open their eyes, and anyone who ignores or refuses to acknowledge the mockery of honesty, justice and fairness that the major markets are today, such as yourself, has consciously decided to side with fraud, the abuse of power and yes, evil. For such people I have nothing but the deepest contempt.
But speaking of honesty, when are you finally going to admit that you, "VWbug", are really just another incarnation of JohnnyBravo/MasterBates? You have already slipped-up multiple times in using his/your unique phraseology and terms. You really are a piece of work.
why do you have such a low opinion of the 'average investor'?
unlike you, I think the average person is quite intelligent, and can very easily compete. Just their small size alone makes it much easier to achieve outsized results, IF they think and behave rationally.
When are you going to admit you are really ms creant, anarchist, etc etc ? Come on now be honest! In fact, there can't be more than 1 person who thinks like you, so ALL zh posters must be the same person.
freaking moron
.
So you actually are trying to deny that the average investor is at a disadvantage (more than ever) in today's market relative to flash-trading, front running, politically-favored and bailed-out firms such as Goldman Sachs? Are you REALLY that disingenuous?
Who pays you to disseminate such pro-establishment propaganda?
you keep asking the same questions, i'll keep answering them.
I buy good commodities, companies and currencies based on my own analysis.
If someone manipulates the price i take advantage of that and make excess profits.
Not hard at all, just takes a brain and some balls.
sorry you don't know how to do the same, but no wonder, if you get investment ideas here.
.
I have not failed to notice that you AGAIN seem incapable, or unwilling, to directly answer my question, or to address the obvious fact of Goldman Sachs rampant corruption, fraud, and use of political influence to derive unfair financial advantage from, and to corrupt, the very markets in which you say you so willingly (and apparently naively) play.
I think many of us agree with your sentiment about GS as far as getting its ass saved by the government. IMO, it should've been allowed to fail along with Lehman Brothers. But did you know that GS paid back all their TARP funds with 23% interest? So the US government actually made a profit off GS!
However, you seem to take the anger to another level entirely when anyone disagrees with you, especially when it comes to those who disagree with your investment advice. Why is that? Why does it piss you off so much when others have different investment strategies and beliefs than you? Can't you handle disagreement?
i do think it's unfair that GS was bailed out, which is why i have always been a vocal opponent of government intervention and over regulation.
goldman should not have been bailed out (anyway, Buffett would have given them the money, better that then the taxpayer)
I do not think they did anything fraudulent, not even close.
It's called buyer beware.
If goldman got the better of sophisticated billionaire investors, good for them.
If they mistreat their clients, I am sure they will soon lose those clients.
if that isn't happening as fast as YOU would like, maybe your assumptions are all wrong.
Why is your anger at GS and not at karl marx, socialists is general, government intervention, bureaucrats, government employees who surf porn instead of doing their jobs?
I would bet my last dollar that balls are the one thing you don't have. Guys like you don't have the guts to stand up to anything or anyone when something is on the line.
Yet here you are, displaying your balls on the Internet. Good job! Very manly of you!
As are you sir. Don't know what set you off against me today, I don't really care, if you are siding with VW then you are a fool by my reconing, obviously you won't agree so let's not talk anymore ok.
I was merely reacting to what I perceived as your threats to a poster who disagreed with you. You clarified those remarks, so I see that I was mistaken, which I apologize for.
I think our views are closer than you might think. But I do think VWBug is a pretty straight shooter who you also likely agree with more than disagree with, despite this little dust-up.
fair enough, you have my apology as well. I would agree with you about VW being a straight shooter and speaking what he believes, but I think he turns a blind eye to the banks, they are complicit in this.
you know nothing about me, and yet you mouth off on the internet, you don't even understand my arguments, too lazy to read them I suppose.
Your time might be better spent supporting your family than wasting time here don't you think?
I read your argument and I completely disagree with it. I read what you responded above about banks just doing what they are supposed to do. I will apologize about the balls remark, I was a little heated yesterday but I do not rescind my comment about having guts. Ignoring the banks fault in this not ignorance it is an intentional look the other way and that is gutless. I don't think there are many people here that disagree with you about the politicians being at fault but they did not act alone.
disclosure: I do mouth off in person quite often, nothing a good ass kicking doesn't rectify when I need one.
glad to see you can be reasonable, many here are not able to have any kind of debate with anyone, as soon as they can't answer a point they make death threats or just say the poster is a paid shill or some such nonsense.
i don't ignore the banks role in all this, or the people that paid themselves millions in bonuses when they should ahve been bankrupt.
but the root of ALL of it is government meddling in the economy and propping up the people who vote for them and who lobby them and bribe them.
but that group includes farmers, fishermen, etc etc etc
why all the hatred of goldman?
the whole system is bankrupt, morally and financially.
focusing on one prominent company that is successful makes me very suspicious of the real motives.
Because right now Goldman is driving the bus more or less and has been for a long time. Power shifts between the power players in industry and high finance, and right now the squid is calling the shots so that's who everyone hates, just like they are pissed at obama, 3 years ago it was bush. They are all culpable but people tend to focus anger on the newest incarnation. As for hating a business establishment I believe people are looking through that veil to the guys that call the shots and the traders that knowingly comply. Not all are guilty but most should have the intelligence to see that they are doing more damage by complying.
I like your argument style much more when you are pose more reasoning and get off the semantics, thank you for that.
Nice strawmen. Ad hominems are also the mark of those incapable of holding genuine debate.
i think in avoiding the points i made, you forgot to call me a paid shill, a troll, and a nazi.
i spoke to soon! akak has used the shill defence, you only have troll and nazi left to choose from.
.
Oh, how so very droll, JohnnyVWbugBravo!
The strawman's back!
ZeroHedge mascot!
Um, that's kindof totally different from what GS is doing here. They are running a con, not playing poker. It's called fraud. It's one of the oldest ploys in the book - you tell one group buy, tell the other group sell. You keep dividing your 'advice' for subsequent plays...'advising' again and again until you have a group of true believers who think you can do no wrong. Then you fleece them.
Turd,
Not ALMOST, it is..............I am surprised they stay alive.
Santelli and Cresenzi just said "no bond bubble."
Reading ZH is like listening to a police scanner - both allow you to follow criminal activity in real time.
Goldman's true position would never be found in Market Pulse, or any other print, but only whispered on the squash court, or over lunch.
Or between stalls in the men's (woman's?) room.
No whispering required. The stalls at Goldman all have phones.
Scrambled (like the President's Bat-phone) I assume? :>)
I thought they used glory holes?
i am sure that is funny, i know what a glory hole is.
B U T tttttt?
not to mention glory holes for certain House Finance Commitee Chairmen.
picklejinx, fb
Heard in the washroom @ J.T. MARLIN.....
RECOOOOOOOO !
Looks like GS wants to buy Gold cheap from its clients........
was thinking the same .
After all, G's clients are probably holding the most gold anyway.
That's my guess. This week we have heard a number of conflicting tales. Someone said London and JPM are not shorting silver this week. Well, surprise, surprise. We do know that paper will eventually lose. Scrambling for real metal seems to be the main game right now. The Stardust should set up a book on when the short squeeze goes nuclear.
OK, Goldman says everyone move up.......now.
Now Goldman says everyone move down......now.
Move up.
Ha ha, Goldman didn't say to move up. Gotcha Sucker.
Speaking of manipulation, CNBC is right now talking about precious metals. Now that's a (perfectly timed) coincidence.
CD,
Is Goldman'S first name Simon?
Simon sucks.....er.....sorry, Simon Sachs. :>)
Simon says: "sell"
Simon says: "buy"
Ya know I always hated that game. How about 'kick the can' -we know the bankers like that game as well.
They may be ready to buy.
Goldman Asset management thinks we're headed for deflation. As does every other Asset Manager on Wall Street what else is new?
Someone should email them Ben Bernanke's 2002 "Helicopter" Speech. While deflation is what needs to happen there is no way Deflation will happen if the Fed has anything to do with it. And the last time I checked the Fed was still in control of our economy.
These guys are so behind the curve it's getting to be silly. There's an Asian Put under Gold's price. Every time it dips under $1200 it get's gobbled up like so many Snake Heads hitting a school of tadpoles.
http://en.wikipedia.org/wiki/Snakehead_%28fish%29
I was wondering what was pushing my gold stocks up.
Central Bank inactivity, now that's funny!
...a gap easily filled by dentil treatments of rap artists.
That comment is by far the most interesting. What is the probability of CBs NOT engaging in QE and/or raising interest rates? I know it sounds moronic, but looking at the context, doing the "irrational" in the first place got us here.
However logical, I believe ZIRP 4E is a very crowded trade
Just saying...
Gosh, I'm shocked to discover this. But then I was shocked when the sun came up over the eastern hills this morning as well, so take that for what it's worth.
They aren't known as Goldman F**king Sachs for nothin
I wonder where the scumbags have decided to close the SPX today...
What a hell is this spike to 1229.60?
Failed Comex delivery notices?
. .
^
thats where harvey is pointing...
http://harveyorgan.blogspot.com/
No wonder they're all getting NYC carry permits.
They should be buying kevlar longjohns instead.
The Summer of '08, such a long time ago, so easy to forget what happened to commodities waaay back then...
LOL
Thanks, Goldman. Just purchased another portion of bullion reading your great call.
heard over the bathroom stall...
redemptions bitchez!
It worked with CDOs
gold just went vertical by $10...wtf happened, did JPM go tits up?
GS painting inflation into the tape
in order to rape equity shorts
and sucker in fools
so they can optimize their big short prior to causing the big crash?
Some brutal bidding going on...WOOOOOOOWWWWW LMFAO
Now, that was a nice trade. Thats me for today...only did 3 hours work, such is life.
remember stephen friedman's purchase of GS shares as NY Fed chairman coincident with AIG bailout scam he approved
former head of GS.....
what more does one need to know?
SHITTY DEAL II
A Study of the Seasonality in Gold Prices may be helpful for those wishing to understand price movement in the next few months @ http://rosenthalcapital.com/blog/
&^$@! Goldman. If you own physical gold, hold it.
Due to Central Bank inactivity of selling gold into the open market according to the Central Bank Gold Agreement, we advise you to sell yours.
http://gata.org/node/8897
-100.
They never advised selling you idiot.
Ouch. Such hostility. What did they advise then?
Waht a minute!
What's this Special Client Shit?
Goldilocks has no clients by their own promulgations in front of Congress! Every body's a counter-party. So, little counter-parties get a little screwing, big counter-parties get fucked royally. (Extra dinner and entertainment.) Nobody is exempt from the treatment, every body's all treated equally.
Ma and Pa Kettle in Dubuque are not worth the time and effort, but a Sovereign Wealth Fund, now there's Inventory.
And what a lame excuse.
Lack of Central Bank Activity.
Lack of Activia?
Tucks for the Memory, guys.
&^$@! Goldman. If you own physical gold, hold it.
And here's the kickers.
We're not doing anything illegal unethical or immoral, because we are indeed treating everybody equally. Out to fuck 'em all.
And, in a few weeks whatever happens to the price of Gold, they'll be able to say, "As we properly forecasted several weeks ago.... those who listened to our forecast of.... and did what we said.... made a bundle.... "
&^$@! Goldman. If you own physical gold, hold it.
&^$@! Goldman. If you own physical gold, hold it.
edwardo,
I agree, but you gotta work on that STUTTER.
Where's robotroll? I need to see his ski jump picture, stat.
i told both him and JB to cool it for a while, you know. They'll be back as soon as gold drops $10 to tell us gold is going back to 200
So true, Jon. Actually Robo will come back as soon as it drops a buck.
how will I show my face with gold going up after I said it was going to 200....wait am a shameless weasel... OK
Ahh, JonNadler, so good to see you here. How come you are carrying the burden alone today? Why didn't you drag Johnny Bravo in here?
Or is it that JPM is only going to give out the $10,000,000 bonus to just one of you? Hmm...
Or does one of you actually work for GS? Hmm, murkier and murkier.
And it's a good thing you ARE a shameless weasel, Jon, or you might be bothered and embarrassed by those obvious gin blossoms on your smug and arrogant visage as well!
I guess one has to down a lot of high-powered juice to build up the nerve to continually spout the outrageously dishonest and biased gold-hating bullshit that you dish out on a daily basis.
yea, where is that special person, that ABBEY JOSEPH COHEN ?? I haven't seen nor heard much out of here lately on that very special CNBC channel. Where will all these wonderful people hide when it all comes crashing down. p.s. i'm still waiting for the crash, how much longer will it be ? my friends & family are getting sick of me, Ms. Dooms Day Scenario.
The crash will happen 48 hours after you (yes you personally) go long stocks, selling all your PM and liquidating you 401(k) to buy APPL.
You know I'm right.
special clients HA HA HA
they'll stick their penis into anywhre it fits
D-E-F-L-A-T-I-O-N.... all that strong cash sucking up all that dumped shiny... playing this out perfectly. Metals will be going on sale sooner than later.....Setting up the big plunge where everything but cash gets sucked down the hole...Prelude to the 'Panic'...GS warned you!
Special as in "Special Olympics" one must assume.
Everyone be quiet. The cougar is in the house.
Welcome cougar. Sharp as a tack as usual. :>)
Indeed, be nice to the kitty. About that sharpness-- claws, not "a tack" unless you meant "attack" in which case we need a little editing. :-)
"Special needs" certainly.
Central bank inactivity? Does that refer to central banks who were previously selling gold? No, wait, that would be bullish, if they ceased to sell. So, they must mean central banks who were buying gold, and now they will be more "inactive". Right?
Noise, noise, noise....blah blah blah. These guys are saying two things at once and I can't even see how they arrived at either position. I just need to keep my noise filter on, because when I look at the market what I see is gold is going up.
Paper gold: Up....down real hard...sideways to up...then to zero
Physical gold: Up...down hard....to da moon
Substitute "paper gold" for "gold". Replace "deflation" with "default".
"Shifted our stance on (paper)gold after years of being long; see (paper)gold as vulnerable to Central Bank inactivity in the face of rising (default) risk."
the bhp takeover for potash was huge...the stock market wants to go up now, and the buyers are just looking for an excuse to dive in, any excuse, so if we see a good number tomorrow...watch out.
I have been well short for a while now and am covering a lot.
I'll re-establish the short, but i think at possibly much higher levels.
No idea what gold will do, but commodities could go for a run.
If more miners jump on the bhp bandwagon, followed by even one chinese purchase...look out.
anyone who wants to short AUD and CAD will get a chance to do it at much better levels, IMHO.
The only conclusion you can make by Goldman's contradicting advice is that gold is about to be in play.
And that they are gonna play both sides, as they stoke the flames of volatility in both directions, selling paper gold while likely acquiring the physical on the cheap.
Well, at least until they kill the paper goose.
Gold still climbing right now. $1232. Interesting times we are living in.
Where Johnny "Fart in a Hurricane courage" Bravo?
Oh gone as usual during a Gold Rally.
Because today's rally in gold has proven the "perfect accuracy" of his predictions to be WRONG, as he predicted $1220 as the top before gold begins its freefall to $1.39 or whatever.
LOL.
But he seemed so CONfident.