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Goldman Sachs suddenly bullish on gold

derrybderryb Posts: 36,795 ✭✭✭✭✭
in Precious Metals
Time to sell?

Goldman Sachs report

"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

Comments

  • jmski52jmski52 Posts: 22,825 ✭✭✭✭✭
    Carp! Run for the hills!!!!
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • OPAOPA Posts: 17,119 ✭✭✭✭✭
    They must be getting ready to unload a shut fullimage
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • derrybderryb Posts: 36,795 ✭✭✭✭✭


    << <i>They must be getting ready to unload a shut fullimage >>



    That's what I'm thinking.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • johnny9434johnny9434 Posts: 28,313 ✭✭✭✭✭
    ut oh, this wont be good. i dont know what or how much carp to put in goldman slacks right now either
  • pmcollectourpmcollectour Posts: 1,211 ✭
    I understand all the Goldman bashing, but perhaps you should also consider this article that was made available to the public back in 2006. If you followed Goldman's advice back then, which many of us did, then you made out very, very well.


    Description:
    Goldman Sachs recently announced its favorite and least favorite technology picks based on growth and value.

    Goldman's 5 favorite picks are Apple (AAPL), Cognizant (CTSH), eBay (EBAY), Google (GOOG), and Research-in-Motion (RIMM).

    Goldman's least favorite picks include AMD (AMD), CSG Systems (CSGS), Red Hat (RHAT), Teradyne (TER), and Unisys (UIS). AMD (AMD) was replacing Hewitt (HEW), making it a new "least favorite.".

    Goldman noted that the favorites list is up 28% since 9/21/05 and the least favorite group is up 6% while the S&P is up 16% and the NASDAQ up 15%.

    Its December 2006 Sector strategy also lists IT, Health Care, & Energy as the best growth & value combined sectors, and it says Financials, Consumer Discretionary Spending, and Utilities are unattractive.
  • OPAOPA Posts: 17,119 ✭✭✭✭✭
    Thanks for the info pm, however, I'm still skeptical in GS motives behind their announcement or recommendation for Gold.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • jmski52jmski52 Posts: 22,825 ✭✭✭✭✭
    I was being facetious. I'm not about to change my assessment based on anything that Goldman Sachs has to say.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • renman95renman95 Posts: 7,037 ✭✭✭✭✭
    Cramer said the same thing. It really scares me when they are in synch, wait, Goldman Sachs and Cramer....they are the same...never mind.
  • jmski52jmski52 Posts: 22,825 ✭✭✭✭✭
    Now, if Jim Sinclair or Reggie Middleton started changing their commentaries - then my antenna would go up. I consider Jim Sinclair to be my window into international finance, and Reggie Middleton my window into corporate finance. They both have a great perspective on their specialites.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • OPAOPA Posts: 17,119 ✭✭✭✭✭


    << <i>Now, if Jim Sinclair or Reggie Middleton started changing their commentaries - then my antenna would go up. I consider Jim Sinclair to be my window into international finance, and Reggie Middleton my window into corporate finance. They both have a great perspective on their specialites. >>



    I would think that Sinclair would also join the bandwagon, if only for the following reason:

    "Jim Sinclair Bets a Million Dollars Gold Price Will Hit $1650 before the 2nd Week in January 2011" ( I believe that bet was made in 2008 )

    I wonder how many people took him up on that bet.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • jmski52jmski52 Posts: 22,825 ✭✭✭✭✭
    Sinclair has been saying for awhile now that gold is going beyond $1,650 but he's not putting any time frame on it other than what he proposed as his original bet.

    Nobody ever took him up on the bet, btw.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • OPAOPA Posts: 17,119 ✭✭✭✭✭
    So he still believes Gold will hit $1600 in January 2011? If so, he may be correct, but I would not bet the kitchen sink on that forecast.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    I don't believe anyone ever took Jim Sinclair up on his $1 MILL bet. He once indicated he had someone he was trying to work a deal with but it fell through. Now more than 2 yrs later it does look like $1650 by January is in need of serious help.

    Since this thread is about banks bullish on gold:

    video on how to interview for a banking position

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • BearBear Posts: 18,953 ✭✭✭
    If GS told me that the Earth was round with a slight bulge,
    I would not believe them. They are the scum of the earth
    There once was a place called
    Camelotimage
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