Why Goldman Sachs Is Wrong On Gold & Danger For The U.S.

Saturday, September 13, 2014
By Paul Martin

September 13, 2014

With the attack on gold continuing throughout the week, today Michael Pento told King World News that Goldmans Sachs is wrong on their bearish gold prediction. Goldman Sachs has even urged clients to short gold so this will get very interesting. Pento also discussed the immediate dangers the United States is now facing.

By Michael Pento of Pento Portfolio Strategies

September 13 (King World News) – Why Goldman Sachs Is Wrong On Gold & Danger For The U.S.

Why Goldman Sachs is Wrong on Gold

Wall Street powerhouse Goldman Sachs has recently reiterated its negative view on gold, which it has held for the past year. However, it is now doubling down on this view and advising clients to go short the metal. Jeff Currie, head of commodity research at Goldman, wrote, “Our target is really driven by the view that we think that the Fed will ultimately be the dominant force here and put more downward pressure” on gold prices….

The Rest…HERE

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