The Latest Coordinated Takedown In Gold And Silver Has Failed: Gold Is On A Tear Today!! Goldman Closes Gold Short, HEDGE FUNDS RAISING LONG POSITIONS ON GOLD… Apparently, There’s A Gold Rush In India While Swiss Bank Fails To Deliver Gold!

Tuesday, April 23, 2013
By Paul Martin
April 23rd, 2013

Goldman: It’s time to close out those gold shorts

NEW YORK–Goldman Sachs Group Inc. GS +0.58% on Tuesday closed its recommendation to “short” gold, telling clients to exit bets on lower gold prices.

The bank had told its clients to bet on lower gold prices April 10, slashing its short- and long-term gold forecasts as prices dangled above bear-market territory at $1,588.30 an ounce.

At the time, analysts Damien Courvalin and Jeffrey Currie told clients that “should our expectation for lower gold prices continue to prove correct, the fall in prices could end up being faster and larger than our forecast.”

Joe Terranova‏@terranovajoe2 min
$GS on Gold “We have closed our recommendation to short COMEX Gold, as prices
moved above the stop at $1,400/toz.”

Gold Is On A Tear Today

The Rest…HERE

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