By Steven Russolillo
Goldman Sachs GS +0.64% is no longer telling investors to bet against
gold.
The firm’s latest call comes about two weeks after it told clients to
start betting on lower gold prices. On April 10, Goldman’s “short”
call coincided with it slashing its short- and long-term forecasts
for the yellow metal.
On April 12, gold embarked on its worst two-day plunge since futures
first started trading in New York.
After an 11 % tumble in gold prices over the past two weeks, Goldman
is now telling clients to take profits and move on....
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God Bless
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