Just two weeks after Goldman's "Slam Dunk Sell," report [5], the price of gold is surging once again. Goldman's Currie (in direct opposition to BofAML's Curry [6]) argument that post debt-ceiling, "... with significant recovery in the U.S., tapering of QE should put downward pressure on gold prices," seems like another round of wishful thinking as physical premiums for gold [7] around the world surge [8] to record highs and spot prices reach one-month highs. Of course, while Goldman had a few days of positive reaction after their call, it is none other than Dennis Gartman who provided the bottom-tick in the latest exuberance [9].
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