Whatever Goldman Sachs Says on Gold, Do The Opposite!

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 forecasts gold to drop under $1300/ounce by next year. Let's bookmark this post and see what happens.

Here's what Michael Pento thinks about Goldman's call:
http://www.pentoport.com/mp3/MRC130410.mp3

Chart 1: Goldman Sachs Buy or Sell Gold Calls

Date	Link
11/04/2013	http://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

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