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

Goldman Sachs: Gold could be classified as a bubble

Posted on 23 April 2013

Gold was up today after a long slide last week. The precious metal has decreased significantly in price since Goldman Sachs recommended investors short the asset. Today Goldman is out with a new report on bubbles.
While the report focuses on bonds, Goldman devotes a short section to gold. Goldman concludes that gold (at least the ETF) could possibly be classified as a bubble. Below is the excerpt on the commodity followed by the full document in scribd:The recent pronounced decline in gold prices clearly brings into question whether the gold market is a bubble in the midst of bursting………………………………………..Full Article: Source


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VRS - who has written 37015 posts on Opalesque Commodities Briefing.


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