If there’s one thing your friendly Gold Enthusiast has learned, it’s not to blindly follow Goldman Sachs’ public “advice.” Too many times Goldman has “announced,” “advised,” or “letter” ‘d a position only for it to immediately go the other way. If it wasn’t heading that way already.
We’ll call this The Goldman Rule because we need a chuckle this Wednesday. The clouds have returned after almost a full day of sunshine in upstate New York, and we’re looking at 4 or 5 more cloudy days in a row. So we need all the little giggles we can get.
Heck (apologies for strong language), a few years ago Goldman was charged with hiding important information about a new security they constructed. The usual excuse for putting investors on both sides of the same trade is “different investments are appropriate for different investors.” That didn’t…
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