$GS Calls for the Shorting of Gold

“Goldman has advised clients to straight up short gold, with an end-of-the-year price target of $1450/oz.

Izabella Kaminska at FT Alphaville has the full summary of the call, which actually is a follow-on to a generally bearish call that the company has had all year.

This is an interesting observation

While there are risks for modest near-term upside to gold prices should US growth continue to slow down, we see risks to current prices as skewed to the downside…”

Full article