There are times when someone says 'go thataway' that you are much better served by shooting a back-azimuth and heading in the exact opposite direction.
The Vampire Squid (aka Goldman Sachs) has announced that Gold is "over valued."
With physical Gold in very short supply, perhaps they wanted to 'trigger' another paper sell-off so they could acquire more physical bullion for themselves?
NOT that GS (the Squid) has a long track record of herding its clients in one direction while it does the exact opposite of what it hs been advising them to do, or anything like that.
- But, if they say go LONG equities and go SHORT Gold, well...
Wednesday, 26 June 2013
Contrarian Indicator?.......................from Rico
From Theo Spark at 14:50
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