Lloyd Blankfein of Goldman Sachs once famously remarked that he (Goldman) was "doing God's work." He's baaaaack, if you consider screwing your clients to be God's work. In a classic example of 'ignore what they SAY, but watch what they DO' after lowering their future price forecast for Gold, Goldman is now advising its clients (affectionately called Muppets by their prop desk, btw) to:
- Sell Gold
- Buy 10-yr Treasurys
...of course, while itself:
- Buying Gold
- Selling 10-yr Treasurys
You just HAVE to laugh!
- Lloyd is.....
Wednesday, 10 April 2013
More "doing God's work" from Goldman.......................from Rico
From Theo Spark at 16:00
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