Reading Bloomberg, April 10, 2013 I found Goldman Sachs (NYSE:GS) reducing their gold forecasts through 2014. Cutting their three-month target to $1,530 an ounce from $1,615 and slashing their six and 12 month predictions to $1,490 and $1,390 from $1,600 and $1,550, respectively.
The economy isn't terminal anymore, unemployment has been cured, the Fed is going to pull the plug on the printing press? Well, just so you know… I own this really cool bridge in Brooklyn…
So, Goldman Sachs says short gold? I'm now officially LONGER gold!
I immediately recalled watching a youtube video interview of billionaire and best-selling "Rich Dad, Poor Dad" author, Robert Kiyosaki. As Mr. Kiyosaki espoused the virtues of silver (not gold) as a perfect hedge against inflation, the interviewer thinking he was clever, asked this question: "Do you think President Obama is running the country like a rich dad or a poor dad?"
Kiyosaki, paused and smirked, then with a chuckle quipped, "Obama? Obama doesn't run the country. ...The people who run the country are Goldman Sachs, c'mon give me a break…"
Large and in charge, he's right! GS need not run for public office as some have suggested - corporations are people too - they're seemingly already running the three ring show. Or at least close to it with many of their cartel players already in position. A strong assertion, yes, but Bloomberg's Simon Kennedy has already made it public: Goldman Sachs went out and hired economist Andrew Benito from Bank of England, recruited Huw Pill from the European Central Bank and snatched Naohiko Baba from the Bank of Japan.
Going from Goldman to work at Bank of England was former GS chief U.K. economist Ben Broadbent, whilst Goldman's former vice chairman, Mario Draghi was anointed president of the ECB. Not to mention the current US Treasury Secretary is the former CEO of Goldman Sachs. Nice chess moves.
So of course Goldman Sachs cuts gold and advises its Muppets to short gold as it continues to put its house in order. It means lower prices for them and their central bank cronies who can back up their station wagons to load up at bargain prices.
After all if you aspire to run a one-world government shouldn't you aspire to control the most gold? Or does this tell us Goldman sees the end as near? Is this their "Hail Mary" pass into the end zone where the dollar goes poof back into the thin air from which it came?
Thom Hartmann and Sam Sacks wrote in the Daily Take,
"A million questions arise when looking at what's happening around the world. But many of these questions can be answered, once it's acknowledged that Goldman Sachs alumni have executed a global coup d'etat."
"You can see that a sort of one-world government has already been established... through the rise of Goldman Sachs and their colleagues in the Wall Street elite."
Now I personally have a horse sense that begs the question, if the stock market is at all time level highs, the likes of which we haven't seen since October 2007 - what then happened after that? Of course we all know the answer, but do you also recall Goldman Sachs recommending in its top 10 trades for 2008 that investors short gold the next year? I do. Maybe they are seeing another end. The bigger end.
Well I don't drive a station wagon - perhaps I'll find a bargain on one someday soon - but I will remain way long silver and way long gold, and I mean in my hands, and be ready for whatever happens next in the weeks ahead.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.