Monday, April 15, 2013

How Goldman Blew Through Year-End Gold Price Target (Just Three Days After Telling Clients To Short)

According to the folks at BI on Wednesday, Goldman Sachs strategists published a note advising clients to outright short gold, predicting it would fall to $1450 an ounce by the end of the year. Since then, gold has fallen more than 9 percent.

This evening alone, since futures markets reopened to begin the week, the shiny yellow metal is down 4 percent, to $1440 an ounce…..

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