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Thu Jan 17, 2013, 03:21 PM

 

Goldman Sachs - Gold will fall to $1200 as recovery expands

http://finance.yahoo.com/news/goldman-gold-going-1200-172200795.html

The bank's central thesis is that the U.S. economic recovery finally takes off in 2013, and Goldman expects that to drive a selloff in the gold market as investors rotate away from traditional "safe-haven" investments.


Sell gold and buy bank stocks as the cycle turns.

17 replies, 1008 views

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Reply Goldman Sachs - Gold will fall to $1200 as recovery expands (Original post)
banned from Kos Jan 2013 OP
Yavin4 Jan 2013 #1
denverbill Jan 2013 #2
1StrongBlackMan Jan 2013 #3
banned from Kos Jan 2013 #6
mnhtnbb Jan 2013 #4
frazzled Jan 2013 #5
Fumesucker Jan 2013 #7
AngryAmish Jan 2013 #8
banned from Kos Jan 2013 #10
Recursion Jan 2013 #9
Fumesucker Jan 2013 #11
Recursion Jan 2013 #12
Fumesucker Jan 2013 #14
Recursion Jan 2013 #15
former9thward Jan 2013 #13
moondust Jan 2013 #16
Cali_Democrat Jan 2013 #17

Response to banned from Kos (Original post)

Thu Jan 17, 2013, 03:23 PM

1. That is unless the crazy Republicans raise the debt ceiling

Hey, I own some gold because I see it as insurance against Republican rule. One bad election cycle and it's the Bush administration all over again, only worse.

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Response to banned from Kos (Original post)

Thu Jan 17, 2013, 03:33 PM

2. Is this the same Goldman Sachs that was pumping and dumping CDO's?

If so, that means Goldman is buying gold and they want yours now.

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Response to banned from Kos (Original post)

Thu Jan 17, 2013, 03:33 PM

3. What bet you ...

Goldman Sachs' (non-existing, recently shut-down but still existing) proprietary investment arm is shorting gold?

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Response to 1StrongBlackMan (Reply #3)

Thu Jan 17, 2013, 03:55 PM

6. Goldman is long AND short pretty much everything.

 

Traders are allowed to do what they wish as long as they make money.

they have hundreds of them.

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Response to banned from Kos (Original post)

Thu Jan 17, 2013, 03:36 PM

4. Five years out is a pretty long projection.

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Response to banned from Kos (Original post)

Thu Jan 17, 2013, 03:44 PM

5. That would make me so happy

Glen Beck would go broke.

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Response to banned from Kos (Original post)

Thu Jan 17, 2013, 03:57 PM

7. Pssstt.. This is a hot, hot inside tip from the big money boys



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Response to banned from Kos (Original post)

Thu Jan 17, 2013, 03:59 PM

8. I have to say I own one individual stock

I bought some on a lark when the price was way low - goldman sachs. I figure they run everything so why don't I get in on the action. Complete gamble but I'm up a lot right now. I should sell.

F it.

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Response to AngryAmish (Reply #8)

Thu Jan 17, 2013, 04:05 PM

10. Goldman is going to $175 this year.

 

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Response to banned from Kos (Original post)

Thu Jan 17, 2013, 04:01 PM

9. You ever notice all those late night ads that say your dollars are going to be worthless,

but this gold they have won't be worthless, so they want to give you that gold in exchange for... those soon to be worthless dollars?

Yeah, me too.

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Response to Recursion (Reply #9)

Thu Jan 17, 2013, 04:09 PM

11. And yet there's a "WE BUY GOLD" on damn near every street corner

People standing out in front in a costume shaking a sign..

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Response to Fumesucker (Reply #11)

Thu Jan 17, 2013, 04:15 PM

12. Why do those people who sell gold at those places have it, anyways?

I'm trying to think of a time when I would have said "You know, I have $1700 lying around, and rather than taking a trip to Paris I'm going to buy an ounce of gold". I'm coming up blank.

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Response to Recursion (Reply #12)

Thu Jan 17, 2013, 04:20 PM

14. A class ring from the sixties can bring a fairly decent chunk of change these days.

Lots of people have gold jewelry, I think that's mostly what gets brought to those type of operations.

I even sold some myself about five years ago but I sent it direct to the smelter/assayer, get a better price but you have to wait a week or two for the money.


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Response to Fumesucker (Reply #14)

Thu Jan 17, 2013, 04:21 PM

15. Oh, right, jewelry

Nobody in my family really wears any so I tend to forget about that.

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Response to banned from Kos (Original post)

Thu Jan 17, 2013, 04:17 PM

13. People have been saying gold is going down for years now.

2012 was the 12th year in a row gold has gone up in price. No other asset can say that. I doubt 2013 will be any different.

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Response to banned from Kos (Original post)

Thu Jan 17, 2013, 06:02 PM

16. Here it is:



Australian amateur prospector finds massive gold nugget

An amateur prospector in the Australian state of Victoria has astonished experts by unearthing a gold nugget weighing 5.5kg (177 ounces).

http://www.bbc.co.uk/news/world-asia-21055206

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Response to banned from Kos (Original post)

Thu Jan 17, 2013, 06:03 PM

17. You want us to buy bank stocks?

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