Thu, May 28, 2015
A A A
Welcome preal121
RSS

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

Goldman tells clients to sell gold; did same in November 2007, gold then rose 12%

Posted on 10 October 2013

It is worth remembering that Goldman, to much fanfare and media attention, “told clients” in November 2007, to sell gold. On November 29, 2007, Goldman recommended that investors sell gold in 2008 and it named the strategy as one of its ‘Top 10 Tips’ for the year.
Gold subsequently rose nearly 6.4% in December 2007 alone - from $783.75/oz to $833.92/oz. Gold then rose another 5.8% in 2008 - from $833.92/oz at the close on December 31, 2007, to close at $882.05/oz on December 31, 2008………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 40685 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
May 2015
S M T W T F S
« Apr    
 12
3456789
10111213141516
17181920212223
24252627282930
31