Goldman Says Gold “Slam Dunk” Sell, Ready To Buy All Its Clients Have To Offer
Over at Zero Hedge they point out that Goldman is telling its clients to sell gold because the U.S. economy will be on a road to recovery once the debt ceiling is figured out and they believe that a taper in QE will occur. Some bold claims and calls that I do not think will come through. It is interesting to note that Goldman is on the sell side but JP Morgan is continuing to buy. The article includes a couple quotes from
Thanks for the comment Dennis. I have to say I agree with you, and completely distrust Goldman. Gold continues to flow out of the ETF. When people wake up and come back to the gold market we have lots and lots of room to move upward.
Cory
Never believe Goldman…………DENNIS IS RIGHT…………
Goldman speaking its a bear market, as fraud-falsehood is what`s moving in this market, CFTC closes investigation, no viable evidence of manipulation in the silver(gold) market, http://www.maxkeiser.com/tag/jp-morgan/ Oh yes we are in a recovery ? Oh the rich are getting richer, and the poor are getting screwed again.
Then there`s another article that speaks volumes about our current times we are living in today > Missing Gold – Precious Metals in WTC 4 Vault: Only a Fraction Recovered? Duh wonder where did it go, where did all that Gold/Silver go ? After seeing articles recently about how the WTC was taken out by so-called terrorists, then having all the Gold/Silver vanish into thin air, makes one wonder, whose really pulling the strings in this world, Oh its the Banksters pulling the strings, of course. http://911research.wtc7.net/wtc/evidence/gold.html
Interesting article Dennis. It is disconcerting to know that so many out there are lying to the general market.
I thought I heard after 9/11 that almost all the gold and silver was recovered. Maybe a bit of revisionist history?
Dan
DENNIS are you the only one on this blog. your doing a good job. I wonder if any one is listening. You know what, I don’t believe anyone any longer. Lies from the top down.
I’m with you SILVERMAN. We greatly appreciate Dennis’ comments. It is unfortunate we can not believe the mainstream media any more. I guess that’s what keeps everyone coming back to the KE Report. I fully trust the people who come on our show.
SILVERMAN It does feel like there’s no-one we can trust anymore. This correction’s getting so beyond funny, that the ‘experts’ even if they’re playing a straight game cannot guess who’s going to do what next. All bets are off because all the rules are getting broken. If the playing field was level QE along with a true calibration of inflation then gold would be well on its way to $2500. But the Fed debt is now so un-repayable and the antics of those doing the manipulation so unconscionable that all we can wait for is the arrival of some black swan so gross and unplanned for that the schemers and deceivers are simply overwhelmed.
Out of nowhere and in a way that none of us can anticipate, and for what it’s worth I believe that big black bird’s on its way.
Just follow China when it comes to gold.
I agree that we are simply waiting for a black swan to shake up the system. It really could come from anywhere but I think it will happen outside of the U.S. boarder. There are so many other countries out there that are also in horrible shape that I am thinking it will come out of one of, or a combination of these countries. One thing is for sure, we are all so connected now that we will all be impacted… and it will be good for gold and silver.
Thanks for the comment Rev.
That is why I like much of our Daily Commentary!
What if franky is right and it is Fukishima (sp)?
Dan
Shadowstats is accurate. There is truth there.
If a crash comes, who knows, maybe the fed doubles down and up the markets go, but if a crash does come, gold will probly get sold off to cover losses, then it might go up.
When physical runs out, thats when it goes up.
The issue is we dont know how much is available for sale.
Sure,we can guess, but how much is in those Indian temples for example?
Thousands of years accumulating,multiple temples, wouldnt take too many of those hoards to get onto the open market to change things.
Someone can say “those hoards will never go public” but their guessing, they dont have a clue.
My point is only, we dont know how much is available.
Something tells me they won’t be selling off the golden Buddas anytime soon.
Oops, sorry about that……here is the link:
Seems the statue of the 5 tonne golden Buhdda was coated in plaster to protect it from thieves and then forgotten about. After 200 years of being left abandoned in a delelict pagoda or two it was accidentally discovered to be solid gold on the day it was being moved. Probably all lies but it makes a great story!
The 5.5 tonne Golden Buhdda of Wat Traimit, Bangkok.
http://en.wikipedia.org/wiki/Golden_Buddha_(statue)
You mean the ones that say, “Made in Hong Kong”?
Thats true Bird, cant say I have ever seen a “golden Budda”
And thats kinda what I mean, a shocker it would be to see 5k tons come on the market, we just dont know how much is actually available.
If we did, we could figure out to the day when we were to run out of physical.
Well, now I can say Ive seen a picture of one. lol
Just my opinion is this is more BS, from Goldman, the artificial being played out of a bear market scheme, as false as a false flag operation is. “We are in recovery !!!!“ Now where have we heard that from, the White House, from the feeble lips of Obama to the spin doctors of the mainstream press, its more BS. The only people buying it is the mirror on the wall. ….. Comex Gold Inventories Plunge to New Low! September 25, 2013 http://www.silverdoctors.com/comex-gold-inventories-plunge-to-new-low/ of course they are eager to have some suckers to believe that`s it over and we are in a bear market, and to sell PHYSICAL GOLD is what`s needed to sell more paper later on, as they hope people fall for yet another sham for the little guy.