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....