Thanks for the insight NYBob. There is no doubt that the drop in gold has been orchestrated. How can gold drop in price while money is being printed more than ever?
LSG is going to make us some money when gold rebounds and they reach record production.
Outlook 2013-The_Irreversible_Trends_Driving_Gold_to_$10000 - PART 3
Outlook 2013-The_Irreversible_Trends_Driving_Gold_to_$10000 - PART 2
Nick Barisheff, president and CEO of Bullion Management Group Inc, discusses the irreversible trends that will drive gold to $10,000.
In a world where financial and geopolitical certainty is evaporating, no one knows what Black Swan event could cause an explosion in the gold price. Some have suggested it will be the failure of a major bank through derivative exposure, a Middle East war, or a major downgrade of U.S. bonds might also be the catalyst. In 2013, as has been the case since 2001, the best policy for wealth protection remains to simply buy and hold uncompromised bullion until we are once again on solid economic footing.
Goldman Sachs: Stop Shorting Gold - 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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