“The currency chief for Goldman Sachs (GS) last week decreed another lower target price for gold. Jeffrey Currie said the precious metal now is worth $1000/oz. and may sink to $800. He has followed up this tarot reading by saying it was a ‘slam dunk’ to sell gold. GS guidance was echoed by the astrologists at Credit Suisse who YTD have issued almost monthly downgrades on gold. Those investing in the sector must understand that until PM sentiment from major banks and media changes, they will continue to suffer disproportionately on most red days despite strong fundamentals, especially for silver.”
http://seekingalpha.com/article/1737802-skewed-rhetoric-on-metals-and-markets-obscures-best-plays
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