When Goldman Sachs Says Short Gold, It’s Time To Buy

Last week, we reported on Goldman Sachs (GS) slashing its outlook for gold and suggesting investors short the precious metal. In a letter to its clients, analysts at the company stated “We see risk to current prices as skewed to the downside as we move through 2013. In fact, should our expectation for lower gold prices continue to prove correct, the fall in prices could end up being faster and larger than our forecast.” But given Goldman’s history, it will be difficult for many to trust this sentiment [for more gold news and analysis subscribe to our free newsletter ]. See the full story here → Related Posts: Inside APMEX: A Physical Gold Dealer Germany To Repatriate Gold: Irrational Or Logical Solution? How Gold’s 13 Year Bull Train Could Continue Why Marc Faber Will Never Stop Buying Gold Merk Funds’ 2013 Gold Outlook