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Goldman Doubles Down Its Hate On The Best Performing Asset Of 2014: Gold

Tyler Durden's picture




 

As gold completes its golden cross today and remains by far the best-performing asset of 2014, we thought it intriguing that Goldman Sachs' commodity group would issue a strong "sell your gold" recommendation... of course, when Goldman's clients are selling, who is buying? As a reminder, the last time the bank was extremely bearish on gold (about a year ago), our skepticism at the time was well warranted as Goldman was in fact the largest buyer of gold in the following quarter.

Via Goldman Sachs' Damien Courvalin,

Cold, Crimea & China: Transient supports to gold prices

The 2014 gold rally brought prices to their highest level since September before a more hawkish-than-expected March FOMC pushed prices sharply lower. Three distinct and in our view transient catalysts have driven this rally: (1) a sharp slowdown in US economic activity which we believe was weather driven, (2) high Chinese credit concerns, although ultimately bearish for gold demand through lower financing deals if realized, and (3) escalating tensions over Ukraine. While further escalation in tensions could support gold prices, we expect a sequential acceleration in both US and Chinese activity, and hence for gold prices to decline, although it may take several weeks to lift uncertainty around this acceleration. Importantly, it would require a significant sustained slowdown in US growth for us to revisit our expectation for lower US gold prices over the next two years.

Re-acceleration in US activity will push gold prices lower

While we see clear catalysts for the recent rally in gold prices, this move has been large relative to US real rates which are a key input into our forecasts and benchmarking of gold prices. As a result, we see potential for a meaningful decline in gold prices towards the level implied by 10-year TIPS yields, which our rates strategists expect to rise further this year, and reiterate our year-end $1,050/toz gold price forecast. More broadly, we believe that with tapering of the Fed’s QE, US economic releases are back the decline in gold prices will likely be data dependent, in contrast to our 2013 bearish gold view which was driven by the disconnect between stretched long gold speculative positioning and stabilizing US growth.

Indian and Chinese gold demand unlikely to surprise to the upside

Weak Indian gold imports and surging Chinese imports were the most important shifts in EM gold demand last year, although these trade statistics likely overestimated shifts in local gold demand given reported gold smuggling into India and the use of gold in Chinese financing deals. While we see potential for these shifts to reverse in 2014, we estimate the net impact will not be meaningful to our gold outlook as: (1) India’s potential easing of gold import tariffs will likely remain modest given how much lower gold imports have contributed to its improved trade balance, (2) we expect a gradual unwind of gold backed financing deals.

 

Full note below:

GS_Gold

 

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Fri, 03/21/2014 - 17:16 | 4578533 fonestar
fonestar's picture

Gold bit chez!

Fri, 03/21/2014 - 17:16 | 4578539 SilverIsKing
SilverIsKing's picture

They don't call them GOLDman for nothing.

Fri, 03/21/2014 - 17:18 | 4578544 Stuart
Stuart's picture

Gold saying sell means Goldman wants to buy, for itself. 

Fri, 03/21/2014 - 17:31 | 4578581 TeamDepends
TeamDepends's picture

Sacs 'o GOLD, MAN!

Fri, 03/21/2014 - 17:39 | 4578600 linniepar
linniepar's picture

Hello, im Kermit the (gold) bear.

Fri, 03/21/2014 - 17:48 | 4578631 TeamDepends
TeamDepends's picture

Kermit, would you like a latte?  You are clearly in need of a gold colonoscopy.  Wait there, one of our interns will be with you presently.

Fri, 03/21/2014 - 19:33 | 4578931 Manthong
Manthong's picture

Goldman is grateful for muppet myopia.

Sat, 03/22/2014 - 14:35 | 4580594 fockewulf190
fockewulf190's picture

Fuck those motherfuckers and the horse they rode in on!

Fri, 03/21/2014 - 17:43 | 4578603 DoChenRollingBearing
DoChenRollingBearing's picture

Goldman Sachs can say whatever they want about gold, but I decline to read their stuff.

As long as Peru continues to grow its production (maybe not in the short-term, alas), then I´m OK.  I hope to break this Peruvian gold production info down to a more granular level soon.  FWTW!

http://tinyurl.com/9hlvzdx

Fri, 03/21/2014 - 18:09 | 4578696 linniepar
linniepar's picture

DoChen, let's get a couple of backhoes and start our own mining biz. I know a guy who can get us a good desl on bearings. ;-)

Fri, 03/21/2014 - 18:30 | 4578748 DoChenRollingBearing
DoChenRollingBearing's picture

There could be great danger in digging up gold, especially if it used to belong to someone else:

https://bitcointalk.org/index.php?topic=521703.20

 

 

 

(a parody thread, look for smart-aleck OROBTC´s comment)

Fri, 03/21/2014 - 18:30 | 4578749 Stoploss
Stoploss's picture

Thanks to Goldie for the buying op.

Fri, 03/21/2014 - 23:53 | 4579587 Kirk2NCC1701
Kirk2NCC1701's picture

I gues old man Goldman had better change his name. 

To something like Conman, Fiatman, Janusman, OpusDeiMan, Paperman...

Fri, 03/21/2014 - 17:21 | 4578550 ebworthen
ebworthen's picture

Nice to see you fonestar.

Does this mean you buy Gold with some of your Bitcoin?

Fri, 03/21/2014 - 17:24 | 4578559 fonestar
fonestar's picture

Eh, fonestar is always buyin' & sellin' gold, silver, coins, guns, ammo, gear, Bitcoins and more.  Point is he never goes broke in any of those catagories.

Fri, 03/21/2014 - 17:32 | 4578580 MillionDollarBoner_
MillionDollarBoner_'s picture

But...but...but FoneyStar...how do you get time to do ALL this AND troll on ZH 24/7?

And why do you troll for a few bucks an hour, if you have all these assets? Should you not be by the pool with your bitchez n coke?!?

Or are you truly a Foney, my little Foneystar? Come, you can tell us..we won't judge you. 

We know you were wrenched from the teat to young, hence your overweaning desire for our approval.

We will love you for who you are...just let us in...huh?:O(

Fri, 03/21/2014 - 17:41 | 4578596 frenzic
frenzic's picture

Let me help you with that. He has all of two guns and a knive and he was born in 1978. Here he is straight from the basement: http://www.youtube.com/watch?v=jLXgw0rBkIA

Fri, 03/21/2014 - 17:42 | 4578611 fonestar
fonestar's picture

You don't even have a decent .gif file.

Fri, 03/21/2014 - 18:09 | 4578695 wallstreetapost...
wallstreetaposteriori's picture

and you sir.... are a broke douche...  

Fri, 03/21/2014 - 18:16 | 4578714 fonestar
fonestar's picture

The total douchetardliness of fonestar is well established and we are not here to debate the obvious.  The point is

BUY BITCOIN!!!

Fri, 03/21/2014 - 18:22 | 4578729 wallstreetapost...
wallstreetaposteriori's picture

You are apart of the menagerie typical of trailer park trash.  Bit coin is meaningless and worthless.  Its mere existance is to give the weak and feable, like yourself, hope that one day... you will amount to something...

Fri, 03/21/2014 - 18:26 | 4578735 fonestar
fonestar's picture

Ooo you guy!

If you had a website fonestar might go on IRC and tell everyone to point their Low Orbit Ion Cannon at you and fire away!

Fri, 03/21/2014 - 18:30 | 4578746 wallstreetapost...
wallstreetaposteriori's picture

Chat away hoe....   I'll keep my eye out for the laser beam....  ROLMFAO!

Fri, 03/21/2014 - 18:43 | 4578784 wallstreetapost...
wallstreetaposteriori's picture

Could this be the "real" foneystar?.....  straight off his alias youtube page... 

https://www.youtube.com/watch?v=_2LKfR_IQIQ&list=UUDGx8Bf8vC3k1akownd3phw

Fri, 03/21/2014 - 18:46 | 4578797 fonestar
fonestar's picture

No, that's Anthony (he's like 12 yrs younger than fonestar's PAL).  But fonestar has subscribed to him and is in contact with him.  Anthony is a smart young homo sapien.

Fri, 03/21/2014 - 18:51 | 4578804 wallstreetapost...
wallstreetaposteriori's picture

Fonestar DOB: 11-21-1978.... ? 

Fri, 03/21/2014 - 19:16 | 4578877 fonestar
fonestar's picture

fonestar has contributed thousands of thoughtful, poignant articles to the Zerohedge community.  You have contributed what exactly?

Fri, 03/21/2014 - 20:00 | 4579004 frenzic
frenzic's picture

well that's a stretch

Fri, 03/28/2014 - 10:23 | 4602363 MeelionDollerBogus
MeelionDollerBogus's picture

I'll believe your devotion to the mighty Satoshi when you have the Bitcoin logo painted on your face at the Superbowl.

Candyman candyman candyman

Fri, 03/21/2014 - 18:11 | 4578701 fonestar
fonestar's picture

Noo!!!

fonestar has been unmasked! Must stop trolling Zerohead blog!  OPSEC broken!

Disengage!  Disengage!

Fri, 03/21/2014 - 19:19 | 4578887 frenzic
frenzic's picture

I don't have a .gif file at all. Mine is a .jpg file Einstein.

Fri, 03/21/2014 - 19:30 | 4578905 fonestar
fonestar's picture

 

 

Maybe in that case it's time to upgrade that 4 megapixel camera made in 2002?  But fonestar is down with the Super Mario block look.

Very pixel.  Much retro.  So wow.

Fri, 03/21/2014 - 18:06 | 4578684 wallstreetapost...
wallstreetaposteriori's picture

This is the holy grail of doucheism!!!!  Foneystar.... you have got to be the most pethetic person anyone has every seen.  

Fri, 03/21/2014 - 18:08 | 4578693 fonestar
fonestar's picture

Ah, compliments of the kiddy-diddling bond investor sir!

Fri, 03/21/2014 - 18:15 | 4578711 wallstreetapost...
wallstreetaposteriori's picture

Oh but Foneystar.....you forgot to add carrera gt driving and house in hamptons old school trader.  Funny... I made most of my money on the short side of markets... and if I could short YOU....  then I would really be rich.

Fri, 03/21/2014 - 18:16 | 4578712 Harbanger
Harbanger's picture

@ Frenzic.  Oh shit, you found the real fonestar, same avatar and all!

Fri, 03/21/2014 - 18:17 | 4578719 fonestar
fonestar's picture

fonestar in your coffee.  fonestar in your soup.

Fri, 03/21/2014 - 18:19 | 4578723 wallstreetapost...
wallstreetaposteriori's picture

Yes everyone know that you stick your little pecker in the coffee and soup at the starbucks you work at....

Fri, 03/21/2014 - 18:29 | 4578744 Harbanger
Harbanger's picture

Except for the obsessive bitcoin trolling, he doesn't seem like a bad dude.

Fri, 03/21/2014 - 18:32 | 4578753 fonestar
fonestar's picture

The very name fonestar.... (translated from ancient Chumbawaylan), "as in the basement, so too in the hard light of Satoshi"

Fri, 03/21/2014 - 18:51 | 4578801 DoChenRollingBearing
DoChenRollingBearing's picture

Chumbawamba is easily enraged, so tread lightly in Chumbawambalia™.

(Although today it might be Chumbawambastan)

Or, for that matter, in ZH Chat when he´s there, (he says he´s Emperor of ZH Chat, but clearly his writ runs out south of the border (so I am out of his jurisdiction for now) and likely you too, being north of it up there in Canada and all).

Fri, 03/21/2014 - 19:21 | 4578889 fonestar
fonestar's picture

 

 

I'm a loner, alone with neuroses and hate
Anger is a permanent character trait
My letter bombs are primed and they're ready to send
Would you like to add me as a friend?
I'm a wound-up whiner with a fetish for guns
I'm almost 50 and I live with my Mum
I hope my nude picture doesn't offend
Would you like to add me as a friend?

 

https://www.youtube.com/watch?v=d2TuohSsw4k

Fri, 03/21/2014 - 19:01 | 4578835 chumbawamba
chumbawamba's picture

Don't involve me in your sad gimmickry, you fag.

I am Chumbawamba.

Fri, 03/21/2014 - 19:05 | 4578847 fonestar
fonestar's picture

Oh you anti-fag, fag supporting band, LBGT listening faggy fag.

You are not Chumbawamba.

Fri, 03/21/2014 - 19:09 | 4578859 fonestar
fonestar's picture

Chumbawamba playing at Gay Pride Day in San Francisco:

http://www.mtv.com/news/articles/400140/chumbawamba-salute-gay-pride-day...

 

Are you sure you are Chumbawamba?

Fri, 03/21/2014 - 21:10 | 4579208 chumbawamba
chumbawamba's picture

The lawsuit is pending.

I am Chumbawamba.

Fri, 03/21/2014 - 21:18 | 4579230 DoChenRollingBearing
DoChenRollingBearing's picture

That will be an interesting lawsuit.  Please keep us informed.  

I myself am a bearing buyer and gold stacker.

Diversity, fishez!

Fri, 03/21/2014 - 18:30 | 4578747 fonestar
fonestar's picture

That's right... and now try fonstar lite with 30% less cryptose!

Fri, 03/21/2014 - 21:25 | 4579244 chumbawamba
chumbawamba's picture

Why are you still doing this to yourself?  Bitcoin jumped the shark as soon as "Satoshi" was outed and then denied all involvement.  No one cares anymore.

Do your handlers' masters not know how open source software works?  Now that the source code is out there, as soon as the need arises, a cryptocurrency that improves on the (intentional) inherent flaws and weaknesses of Bitcoin will be developed by some 16 year old kid in his bedroom, one that is actually anonymous and untrackable.

You fags are done, okay?  Stop tarding up the comments with your wankerisms.  I repeat: no one cares.

Go away.

I am Chumbawamba.

Fri, 03/21/2014 - 17:38 | 4578599 fonestar
fonestar's picture

Like many anarcho-librarians, fonestar has a lot of time on his hands.

Fri, 03/21/2014 - 17:44 | 4578614 DoChenRollingBearing
DoChenRollingBearing's picture

"librarians" ?!?!  

I like that, + 1

 

(Sometimes Bearing Guys have some time on their hands too)

Fri, 03/21/2014 - 17:44 | 4578622 fonestar
fonestar's picture

Yes, the anarcho-librarians are coming and the dewey decimal system is doomed!

Fri, 03/21/2014 - 18:14 | 4578706 linniepar
linniepar's picture

"donechooknOWTHEDEWEYDECIMALSISTUM?"

Fri, 03/21/2014 - 18:47 | 4578799 Yen Cross
Yen Cross's picture

 Mr. 3rd person < PhoneStar> the Dewey Decimal System, is how your BIT<> Chits were conceived of in the first place!

Fri, 03/21/2014 - 17:47 | 4578626 seek
seek's picture

A whole lot of people have time on their hands these days, thanks to the zombie economy.

Fri, 03/21/2014 - 17:50 | 4578636 DoChenRollingBearing
DoChenRollingBearing's picture

Yo!  I have time on my hands because I don´t want to work.  "Work" is a four-letter word ´round here, pal...

What zombie economy?

Fri, 03/21/2014 - 18:45 | 4578796 Harbanger
Harbanger's picture

Anarchist librarians never put the books back in the right order.

Fri, 03/21/2014 - 18:54 | 4578811 DoChenRollingBearing
DoChenRollingBearing's picture

Perhaps that would be part of their charm (the female ones)!  Might have to ask their help to find, erm, whatever you´re looking for back there in the stacks...

Fri, 03/21/2014 - 17:31 | 4578582 frenzic
frenzic's picture

never say never kid

Fri, 03/21/2014 - 18:18 | 4578720 wallstreetapost...
wallstreetaposteriori's picture

Abesolute great find frenzic.....  I should have searched out his name a long time ago...  What a POS.

Fri, 03/21/2014 - 18:19 | 4578724 fonestar
fonestar's picture

The peoplez at cnbc.com and the IT staff there are not real big fans of fonestar either.

Fri, 03/21/2014 - 23:27 | 4579531 Blankenstein
Blankenstein's picture


oh noes - fonestar exposed

 

comments:

 

"He is feeding all the trolls ("zeroheads") there without losing energy and enthusiasm"

.

.

"FoneStar is the troll"

 

https://bitcointalk.org/index.php?topic=470593.0

 

"When the derps over at Zerohedge start upvoting Fonestar, sentiment may have flipped.  Water still safe for Bitcoin bulls – BrotherJohnF"

 

http://www.thebitcoinchannel.com/archives/33428

 

Fri, 03/21/2014 - 17:21 | 4578551 nelsonmandella
nelsonmandella's picture

no goldman will go digital - litecoin

Fri, 03/21/2014 - 17:22 | 4578555 fonestar
fonestar's picture

Way to start a thread, nothread.

Fri, 03/21/2014 - 17:16 | 4578535 knukles
knukles's picture

I'm confused.
And when I'm confused I gravitate to the safest assets about.
QED

Are we being Tom Stop-lered, here?

Fri, 03/21/2014 - 17:48 | 4578630 DoChenRollingBearing
DoChenRollingBearing's picture

´fraid so, nine-year loser!  :)

Don´t go to G-S for ANY gold, even the "schaegler" kind...

Fri, 03/21/2014 - 18:27 | 4578736 disabledvet
disabledvet's picture

what "the psychos" meant to say was "sell tin."
http://seekingalpha.com/symbol/JJT

down seven percent today.
be interesting to know "on what news."

here's the GDX
http://seekingalpha.com/symbol/GDX?source=search_general&s=gdx
"that ain't pretty." 28 to 26 in just a few days is down ten percent in my book.
if we're heading to "24" (so to speak) then that would be a bear market in the mining space.

http://www.youtube.com/watch?v=kZRKjY9NijY

Fri, 03/21/2014 - 17:16 | 4578538 nope-1004
nope-1004's picture

Reputation is gone.  Respect is lost.  Acumen is no where to be found.  Revenue relies on corruption, misleading information, lying, and scalping your fellow citizen.

All traits of the devil, actually.  Any wonder they're all "rich"?  lmao

 

Fri, 03/21/2014 - 17:23 | 4578542 SilverIsKing
SilverIsKing's picture

"Sell gold at $1,335"

- Goldman Sachs, March 21, 2014

Fri, 03/21/2014 - 17:55 | 4578652 DoChenRollingBearing
DoChenRollingBearing's picture

 

 

"Sell gold at $133,500"

DoChenRollingBearing, March 21, 2014

 

(Timid souls feel free to sell at $13,350, though you may be sorry...)

Fri, 03/21/2014 - 21:19 | 4579235 1stepcloser
1stepcloser's picture

The first rule of physical gold ownership is not to sell for $ FRN dollars

Fri, 03/21/2014 - 17:16 | 4578540 royal
royal's picture

A fiat money bank bashing gold...who woulda thunk it?

Fri, 03/21/2014 - 17:19 | 4578543 ebworthen
ebworthen's picture

GS and Gold; reminds me of Jay Carney and "don't buy Russian stocks".

Gold and Russia are on my list of tangible non-bullshit assets.

Fri, 03/21/2014 - 17:21 | 4578552 Cacete de Ouro
Cacete de Ouro's picture

Gold gets the cold shoulder from Coldman Sachs

Fri, 03/21/2014 - 17:22 | 4578557 Rehab Willie
Rehab Willie's picture

i'm beginning to see QE the same as K-Y.

when they run out of lube you will begin to feel the ass rape.

Fri, 03/21/2014 - 17:23 | 4578560 Yen Cross
Yen Cross's picture

 I was just thinking xau looks like a decent buy.  It's been tracking the 200h-4 line nicely. The 38.2% retrace of the [1393.00-1179.00] move looks well supported @ 1311.50 area.

Fri, 03/21/2014 - 17:36 | 4578594 MillionDollarBoner_
MillionDollarBoner_'s picture

Dude...there ya go agin with the Technicals. 

Technicals only work when there is a market.

There are no markets...only the Fed.

Did ya not get the memo?

Duuuurh!

Fri, 03/21/2014 - 17:44 | 4578621 Yen Cross
Yen Cross's picture

    I see where you're coming from. I don't dispute your suggestions. Shorter time frames tend to be more technical.

  I'll be buying some gold next week. (and silver)  Save the childish remarks please?

 

Fri, 03/28/2014 - 03:24 | 4601708 MeelionDollerBogus
MeelionDollerBogus's picture

Actually technicals work wonders to expose the mechanics & goals of manipulation but you can't misapply them. If there's no applicable use of a moving average, or if you just cherry-pick a date&price endpoint or both for a Fibonacci retrace it means nothing. Nothing at all. The analysis becomes arbitrary arguing points with meaningless pictures instead of something that could pass any back-testing for prediction... anywhere.

Fri, 03/21/2014 - 17:25 | 4578561 realWhiteNight123129
realWhiteNight123129's picture

Have those retards checked the CRB Food Index? CRB Food Index and Silver behave like siamese twins. One can not move without the other feeling it. 

 

Sat, 03/22/2014 - 04:28 | 4579772 zhandax
zhandax's picture

The pink slime index?

Fri, 03/21/2014 - 17:25 | 4578563 unwashedmass
unwashedmass's picture

 

Muppets getting stopler'd once again. 

Fri, 03/21/2014 - 17:26 | 4578564 A Lunatic
A Lunatic's picture

Do as they do, not as they say.......

Fri, 03/21/2014 - 17:28 | 4578566 Winston Churchill
Winston Churchill's picture

How fast was that Muppet running into that wall ?

I can't seem to find my gold to sell it.Tragically I lost it in an accident.

Fri, 03/21/2014 - 17:58 | 4578665 DoChenRollingBearing
DoChenRollingBearing's picture

It pains me, it really does, to hear about people losing their gold in accidents.  My sincere condolences.  Keep looking for it, but I doubt you´ll find it.  Tragic.  Almost Shakespearean.

Fri, 03/21/2014 - 17:41 | 4578610 Yen Cross
Yen Cross's picture

       I want to meet the person(s) that hunted and mounted Kermit!

  He's one bad assed mofo! Big Bird, Cookie Monster, Ernie & Bert, Miss Piggy ect.. have all tried to extract Kermits head.

Fri, 03/21/2014 - 18:02 | 4578677 DoChenRollingBearing
DoChenRollingBearing's picture

Probably Uncle Lloyd, needed a 12 gauge to kill a frog.

Fri, 03/21/2014 - 18:08 | 4578690 Yen Cross
Yen Cross's picture

   Can you imagine the participants of that hunting party?

   Hey DCRB, is it possible to make gold and silver bearings that are copper jacketed?

Fri, 03/21/2014 - 18:40 | 4578775 DoChenRollingBearing
DoChenRollingBearing's picture

Ehhh, probably!  When I was in Korea in 2012 visiting our bearing supplier KBC, we went to their QC lab, which had a LOT of nice expensive toys to play with (electron microscopes, all kinds of cool stuff).  One machine was used to coat certain components with gold and silver to check for something (maybe diversion of electricity, maybe of heat, maybe making the surfaces more slippery, I dunno...).  I was impressed, but I was really impressed overrall by the Korean bearing plants.

***

If there was really powerful ammo propellant out there (hey, ZH-ers who know gunpowders!  Need your help here!), then I would make my bullets out of tungsten.  You know, when it really positively has to go through anything!

Fri, 03/21/2014 - 18:48 | 4578793 Yen Cross
Yen Cross's picture

    You're awesome DCRB.  Keep stacking!

Fri, 03/21/2014 - 17:42 | 4578612 LawsofPhysics
LawsofPhysics's picture

Take delivery, nothing else matters or changes otherwise.  I smell blood in the water...

Fri, 03/21/2014 - 18:29 | 4578741 Yen Cross
Yen Cross's picture

   Couldn't agree moar LoP. You can however, take paper profits, and convert to physical at your local coin dealer or internet clearing house.

Fri, 03/21/2014 - 17:46 | 4578623 Kaiser Sousa
Kaiser Sousa's picture

there is so much eveidence of how especially the phony paper price of Silver is manipulated but if u want to see something  that just makes u laugh look at the closing price and patterns over the last 2 days...then tell me given all the shit thats happened over the last 2 days how in the fuck is it possible that it could close at exactly the same fucking price...

http://www.kitco.com/charts/livesilver.html

and again notice the resistance and the times the price is fucked with..

 

 

Fri, 03/21/2014 - 17:55 | 4578656 oak
oak's picture

"meaningful decline in gold prices towards the level implied by 10-year TIPS yields, which our rates strategists expect to rise further this year, and reiterate our year-end $1,050/toz gold price forecast..."

Usually, tip yield reflects on inflation rate and the ishare tip correlated wrt gld is shown below for your judgement.

http://stockcharts.com/h-sc/ui?s=TIP&p=D&yr=0&mn=9&dy=0&id=p85828292715


Fri, 03/21/2014 - 18:28 | 4578740 SubjectivObject
SubjectivObject's picture

I'd be nice if when one opens up the full ZH article to get a bigger picture of the headlines page avatar.

Fri, 03/21/2014 - 18:35 | 4578756 Haager
Haager's picture

Goldman is too early; Gold has just recently touched a temporary bottom and returned to the way up to about 1355 . Why don't they wait until gold has reached the next bottom at around 1290 some days later?

Sat, 03/22/2014 - 04:37 | 4579782 zhandax
zhandax's picture

Cause those are their next fortnight of no-loss trading days?

Fri, 03/21/2014 - 18:36 | 4578760 Sword61
Sword61's picture

OOPS they missed a disclosure. We will at any time that suits us prostitute what remains of our tattered reputation and sell you down the river

Fri, 03/21/2014 - 18:42 | 4578782 starman
starman's picture

gold , gold man, sachs , sack, gold , goldman, sachs , sack, kinda rhimes no?

Fri, 03/21/2014 - 19:47 | 4578959 Save_America1st
Save_America1st's picture

paper...not phyzz.  Let paper gold sell off...let it fucking collapse.  I got the truck warmed up and ready to load up on cheap phyzz (if it can be found and if the dealers don't jam the premiums way up to compensate, right???).

See, that's the kicker...TPTB can smash the paper prices, thus affecting supply of phyzz and driving up premiums and delivery times while us stackers jump out there to scoop up the phyzz...

But I'll still take their criminal manipulation to the down-side every chance I can get.  Right now us stackers are just a fractional percentage of people in America buying phyzz.  The sheeple herd hasn't caught wind of the danger looming yet and so the stampede into phyzz for them won't begin for probabaly quite a while still.

Keep stacking now, especially during these continued paper beat-downs and capping.  Cuz when the SHTF and the stampede starts we're going to want to be very far away from the unfortunate ones who will be fighting over any phyzz they can find.

And values in terms of ounces will fucking skyrocket. 

Silver/Gold ratio will plummet eventually, and that's when to try and swap cheap silver we got now for hefty ounces of gold phyzz.

oh, and by the way...have you all started studying up on "Ripple" yet?

just sayin'...

have a kick ass weekend, stackers!  Hope Sunday is a blood bath and we can pick up some sub-20 silver phyzz on Monday!!!

BRING IT!!! :-)

Fri, 03/21/2014 - 21:14 | 4579214 DoChenRollingBearing
DoChenRollingBearing's picture

FOFOA first mentioned (far as I know), that when the sleeping herd starts to want to buy, the Sellers of physical gold will not sell...

BANG!

Sat, 03/22/2014 - 14:59 | 4580638 Loucleve
Loucleve's picture

only one problem i see here.

confiscation.  like FDR did once before.  read Currency Wars by James Rickards - very timely.

its hard to fight when they make the rules.

Fri, 03/21/2014 - 20:25 | 4579083 techstrategy
techstrategy's picture

we can all end the manipulation and games if those of us who believes gold has been manipulated simply sell float scams like amazon and buy gold or the gld with the proceeds. there are trillions of dollars of "growth" stocks in a epic bubble.  GS which owns the Fed wants your gold.  Instead, use the bubble in Amazon and elsewhere to exchange funny money in unlimited quantities to buy gold.  If we all exchange AMZN alone for GLD (rather than futures because GS can only short a max of $35B before the entire world knows how crooked it is), GS is screwed.  Help take control back....

 

Sat, 03/22/2014 - 09:32 | 4580005 El Hosel
El Hosel's picture

Poetic Justice?... on "The Street" As the Head Muppet in Charge Kermit the Frog "Rings the bell at the Top". You can't make this shit up. 

 5 years and Trillions of dollars spent  rigging the markets to "restore confidence" in the great con game. Ding Ding Ding, transfer of wealth complete.

For years every "crisis" that came down the pike was good for another fraudulent S&P spike.Come hell or high water "The Market" went up, overnight rallies made the bears give up. Then one day at the start of spring the bulls gave the signal Ding Ding Ding. They brought in the Frog to ring the bell, this "market's" a joke, now its going to hell.

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