http://www.zerohedge.com/article/goldma ... ld-clientsparmi les commentaires (incontournables) : If Goldman says buy it, you short the shit out of it. 1045-1085 is support and it will hold. A bounce off over the summer, consolidation in August-October between $1150-$1225 then move way, way up after that.
Sorry Goldbugs but if Goldman is says one thing publicly, I do the opposite.
#357227
Keep in mind that this is just one tiny part in Goldman.
They may literally just be making this call to provide an advantage to one of their buddies in another country. It's by no means a monolithic institution. And the size guarantees that there are more rivalries than there would be otherwise.
#357189
Is it really bullish of them if they think gold will stay about where it is for the next 6 months? 2% increase in 6 months would be a joke for a bullish stock pick.
#357626
good point, their target was 1240, which gold has hit, passed and then pulled back from. So they can always say they werent technically lying, just leaving their loyal clients to make bad assumptions about timing.
I think gold is likely to pull back, 1150-1200, maybe a bit lower, then consolidate and push back up. Unless the euro collapses or something crazy, then it will continue pushing up.
#357576
This is not to be traded against. This is like the GS oil price call in 2008. The cabal is about to start a bubble in gold. See Janet Tavakoli's piece on the subject.
http://www.tavakolistructuredfinance.com/Gold.pdf#357593
If you think gold is in a bubble, check out the comments section of this blog article. A good window into the opinion of the "average joe" non-investor.
Goldman Revises Gold Forecast, Now Constructive, As It Sells Gold To Clients
http://www.zerohedge.com/sites/default/ ... 20Gold.pdfhttp://consumerist.com/2010/05/is-gold- ... ubble.html#357712
EURUSD / EURJPY continues to show buying support on intra day chart.
EURGBP daily chart gives mild bullish warnings.
http://stockmarket618.wordpress.comhttp://www.zerohedge.com/forum/latest-market-outlook-1