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Goldman Tells Clients To Short Gold 5 Days After Saying Gold May Soar “Much Higher Over Time”
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
zerohedge.com / by Tyler Durden on 02/15/2016 13:02
What a difference five days makes.
Recall last Wednesday evening, when none other than Goldman decided to be the latest to piggyback on gold’s torrid momentum, by saing “there’s scope for the gold price to extend much higher over time.” This is what Goldman’s chartists predicted:
The current area includes the 100-wma and the trend across the highs since March ’14 (wedge resistance). It’s formed an exhaustive looking candlestick pattern and oscillators seems to be turning. Basically, it seems a good place to start a corrective pullback. The 100-wma in particular was an important pivot in determining the start of the late-’12 decline.
The post Goldman Tells Clients To Short Gold 5 Days After Saying Gold May Soar “Much Higher Over Time” appeared first on Silver For The People.
Thanks to BrotherJohnF
Source: http://silveristhenew.com/2016/02/15/goldman-tells-clients-to-short-gold-5-days-after-saying-gold-may-soar-much-higher-over-time-2/
