Goldman: Selling gold a "slam dunk"

|By:, SA News Editor

"Precious metals are a slam dunk sell," once the budget and debt ceiling stalemates are settled, says Goldman's Jeffrey Currie, as he expects the economy to resume its recovery and the taper to commence.

Sitting on a panel with Credit Suisse commodity research chief Ric Deverell, both say selling gold is their top recommendation in raw materials in the next year. Gold is currently heading for its first annual loss since 2000.

ETFs: GLD, IAU, SGOL, PHYS, AGOL, DGL, UBG, DGP, UGL, DZZ, GLL, DGZ, UGLD, DGLD, GLDISLV, SIVR, AGQ, DBS, USV, ZSL, USLV, DSLV, SLVO.