Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Whatever Goldman Sachs Says About Gold, Do The Opposite!

|Includes: SPDR Gold Trust ETF (GLD)

Okay, you might think I'm making this chart up, but Goldman Sachs is doing completely the opposite trade of each call on gold they make.

Each time you see a "B", Goldman Sachs says buy gold. Then the gold price drops down.

Each time you see an "S", Goldman Sachs says sell gold. Then the gold price goes up.

Whatever you do, don't follow Goldman Sachs. Goldman Sachs says sell gold now in April 2013, you buy gold, because it will go up.

 

 

Chart 1: Goldman Sachs Buy or Sell Gold Calls

The evidence is below:

Date Link
11/04/2013 https://seekingalpha.com/article/1334851-stars-continue-to-align-against-gold-goldman-sachs-targets-1-270-per-ounce-in-2014?source=google_news
22/01/2013 http://www.arabianmoney.net/gold-silver/2013/01/22/goldman-sachs-reverses-and-turns-positive-on-gold-hitting-1825-this-year-as-jim-sinclair-proven-right-again/
6/12/2012 http://profit.ndtv.com/news/commodities/article-goldman-sachs-cuts-2013-gold-price-forecasts-314311
6/09/2012 http://www.resourceinvestor.com/2012/09/06/jpm-goldman-see-1800-oz-gold-by-year-end
10/05/2012 http://goldnews.bullionvault.com/gold-prices-051020125
28/03/2012 http://www.valuewalk.com/2012/03/goldman-sachs-group-inc-gs-gives-gold-gld-buy-signal-repeat-of-oil/
9/01/2012 http://www.bloomberg.com/news/2012-01-09/goldman-stays-overweight-on-commodities-as-gold-favored-1-.html
19/12/2011 http://www.businessinsider.com/2012-gold-averages-goldman-1810oz-barclays-2000oz-and-ubs-2050oz-2011-12
8/07/2011 http://www.zerohedge.com/news/goldman-hikes-its-12-month-gold-price-target-1735-1830
22/03/2011 http://www.zerohedge.com/article/fmx-connect-debunks-reverse-psychology-goldmans-buy-gold-recommendation
11/02/2011 http://pragcap.com/goldman-sachs-not-so-bullish-about-gold
12/10/2010 http://www.zerohedge.com/article/goldman-tells-clients-buy-comex-gold-13642-raises-12-month-gold-forecast-1365-1650-silver-27
18/08/2010 http://www.zerohedge.com/article/goldman-tells-its-special-clients-sell-gold-even-it-raises-its-price-target-shiny-metal
12/04/2010 http://www.zerohedge.com/article/goldman-again-buying-gold-selling-copper-it-lowers-gold-price-forecast-boosts-copper
3/12/2009 http://georgewashington2.blogspot.be/2009/12/goldman-predicts-gold-to-rise-above.html