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Tuesday, 17 September 2013

More good advice from the Squid?........................from Rico

Classic 'do as we say, not as we do' from our beloved Goldman Sachs aka The House of Blankfein aka the Vampire Squid of the financial world.

In April Goldman Sachs issued a "sell" on Gold, that pesky barometer of Central Bank failure.

- And, as an added bonus for the Muppets (as Wall Street retail clients are called)....er, clients...yeah, clients, were advised to instead buy Treasuries.

Q2 data has just been released. Surprise!

- As Goldman was telling clients "sell-sell-sell" Gold, it was itself in the "buy-buy-buy" mode, adding 3.7 million shares of GLD to become the ETF's 7th largest investor

...and the largest investor ADDING holder of GLD in the quarter.


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