Tuesday, December 4, 2007
The [Goldman] team also makes its argument for shorting bullion
"The [Goldman] team also makes its argument for shorting bullion [ as in: now] on the basis of technical analysis. That, the team says, suggests that gold is topping out and that longer-term momentum indicators are turning lower. “We see scope for acceleration through $770 to re-test the $600-650 levels prevailing ahead of the summer,” the team said."
Will Goldmans be buying the gold once they have panicked investors to sell?