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Commodities Briefing - Categorized | Bullion/Gold, Commentaries, Market Moves, Price Watch more

Goldman Sachs is manipulating gold prices right before your eyes

Posted on 12 April 2013

If you want a lesson on how to manipulate gold prices, you need only look at what Goldman Sachs Group Inc. (NYSE: GS) has been doing over the past few months. Goldman set the table by predicting a turn in gold prices back in December 2012, which no doubt contributed to the precious metal’s 5% decline in the first two months of the year.
At the end of February, Goldman issued a research report that said the big Wall Street bank had soured on the yellow metal, and dropped its three-month target for gold prices from $1,825 an ounce to $1,615, its six-month forecast from $1,805 to $1,600, and its one-year outlook from $1,800 to $1,550……………………………………..Full Article: Source


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VRS - who has written 34624 posts on Opalesque Commodities Briefing.


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