10 votes

Goldman calls for $500 drop in Gold prices

That's it, I'm selling all of my gold tomorrow.


Trending on the Web

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

It could drop $1000.00

And I'd still make a bunch of fiat if I sold...but I WONT! Keep your hands strong.

one of the comments on that story

was that Mali is a gold producer. France looking to loot some gold?

Germans repatriating gold.

Now GS saying it is going down.

All this means only one thing to me. BUY GOLD NOW!!!!!

as much as you can get.

But they will gladly buy all of your gold



SteveMT's picture

Goldman is the Fed's attack dog, like Cheney was for Bush.

Makes sense when you think about it in that way.

Goldman tells general public to sell so....TIME TO BUY!!!


We all want progress, but if you're on the wrong road, progress means doing an about-turn and walking back to the right road; in that case, the man who turns back soonest is the most progressive.

-C. S. Lewis

Just another sign that the establishment is

Just another sign that the establishment is scrambling like a cat covering dudu. They have so many leaks in the dam, that they can't keep them all plugged!!!

lol Their fumbled effort at taking away the citizens guns, their fumbled efforts to get control of the internet...and their fumbled efforts to pretend their monopoly money is worth anything....lol

Yes, it is the smell of desperation! Only a matter of time now before the establishment loses all. Go USA!!! Land of the Free, Home of the Brave.

they need to hire better traders and analysts

there ARE some good companies out there.. though it's not the quantity where you can dump money into the market and automatically start cashing in like pre-2008.. maybe if they were half smart they wouldn't be hoarding all their cash

Blankfein's "Auric Goldfinger Fund" another customer rape scheme

First there was "Timberwolf" and then there was "Hudson." Now we have Lloyd Blankfein's "Auric Goldfinger Fund" which will prove to be another customer rape scheme by the hardened criminals at Goldman-Sachs.

Why does this firm hate its customers and try to kill them all? Oh right, that's the new model of finance capitalism: if someone's alive, that means there are still assets to steal.

"Cowards & idiots can come along for the ride but they gotta sit in the back seat!"

I hope so.

I sure wish gold would drop $500 -- a great buying opportunity that would be -- though I personally doubt it will, despite Goldman's efforts.

Thanks for posting article.

That is great news!

Won't sell any, but I will buy all I can find at that discount. Problem is whenever the price gets monkey hammered buying any amount of physical is hard to do. I live in the Portland OR metro area and the physical of both get very tight, very quick when discounted.

I hope for a 500 discount, screw if I am dreaming, I want a 1500 dollar discount damn it!!


Liberty = Responsibility

Meanwhile...the US Mint is

Meanwhile...the US Mint is out of silver...


These fu$%^$# are truly living in the old paradigm.

“Let it not be said that no one cared, that no one objected once it’s realized that our liberties and wealth are in jeopardy.”
― Ron Paul

I love the smell

of desperation in the morning.
You know, I will even bet gold DOES take a hit, a big one. If Goldman is calling for it, I am sure they have the electronic trades in place to force the price their way. BUT... it won't last and every time they push metals down they "spring load" them for a rebound. I see this as a direct response to the German demand for repatriation. The Fed needs GOLD and they have a pocket full of tungsten. So, they'll have GS flash-crash the market and shake all the metal they can out of the weak-kneed goldbugs. When I see stuff like this, here is how I read it:
"Goldman Sachs has announced there will be a sale on metal soon."

Love or fear? Choose again with every breath.

I only see one reason

And that is when the stockmarket gets a hit and people have to sell their paper gold to cover their margins.
Happened before, will happen again.
And when that happens it will be the best time to buy some extra gold and especially silver.

It would be interesting to hear what Peter Schiff and others

can tell us about that GS analyses. From the article, I understood that gold price will go down because banks interest rate will go up. That means that big investors would rather invest in banks or gov paper than keep gold.

Not everything is clear, though
- higher bank interest rates will put extra pressure on government budget (encrease the amount gov pays to its debtors.) If economy does not produce more jobs and, thus, more taxes, government will be forced to print more paper money that will make gold attractive again. And the FED is going to print at least until 2016. The article says "a higher rate of US inflation would inflate our forecasted gold price proportionally." But I do not see what inflation number they use for 2013-2018 to come up with $1,200 target.

They've been wrong before...

Come to think of it, have they ever been right?

Defeat the panda-industrial complex

I am dusk icon. anagram me.

And I think

Burning down Jew Lloyd Blankfein's house with him and his family in it is a great idea.

Maybe if they affect my "investment" they will be liable to a law suit.

Luke 3:38
Isaiah 43:3-5

Own a lot of brown shirts?

No place for that garbage here. Go somewhere else where you'll fit in better with your collectivist attitude and world vision you punk.

ecorob's picture

like that is gonna happen!

Me, china, Germany, and Russia, and maybe even you will buy all we can get our hands on!

You know why they are saying this?

Because they/the USA government DONT have any!

Well, they can't MAKE this happen. This is so funny...I wish they could, though. I'm a buyer!

its 'cos I owe ya, my young friend...
Rockin' the FREE world in Tennessee since 1957!
9/11 Truth.

Cyril's picture

I'm not sure if you're being serious or sarcastic

(Thanks for sharing.)

I'm not sure if you're being serious or sarcastic with your terse statement (as you might as well be right in your intuition for your best interests) but...

... either way, now I'm at least glad to know I don't have this decision problem, without a gram of gold around.

I'll just keep stacking silver! ;)

The article is almost funny though, in an eerie way... quoting just the beginning:

"The bank's central thesis is that the U.S. economic recovery finally takes off in 2013, and Goldman expects that to drive a selloff in the gold market as investors rotate away from traditional “safe-haven” investments."

Err... what did I just read?

"Central thesis" ... "U.S. economic recovery [final] take off in 2013" ...

Really. Seriously?

I'm only wondering WHO could actually think of writing that ... without laughing their butt off!

"Cyril" pronounced "see real". I code stuff.


"To study and not think is a waste. To think and not study is dangerous." -- Confucius