Commodity Trade Mantra

Posts Tagged ‘Shorting Gold’

Goldman's Call To Short Gold, 5 Days After Saying Gold May Soar Much Higher

Last Wednesday evening, Goldman decided to be the latest to piggyback on gold’s torrid momentum, by saying “there‚Äôs scope for the gold price to extend much higher over time.” Less than a week later, as the gold momentum has been briefly snapped, that Goldman’s head of commodities has decided to take the other side & is now advising clients to short gold.

Gold Market Sentiment Is Just Plain Ugly

Gold may well fall further in the near term and the powers that be may well keep the bus on the road for the near future, but if history teaches us anything is that you never bet against the wisdom of the crowd. Ultimately, these markets will be freed up and when they do gold will be bid up aggressively.

Why Gold Should Rise And Exceed Previous Highs

Gold is actually going to rise faster than it fell. Normally markets take the stairs up and the elevator down. I think that gold is going to take a rocket ship back up. All the gold dumped out of ETFs is sitting in vaults in Russia and China & will never see the light of day again. So when the buyers want it back, the gold is not going to be there.

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