8.3 C
New York
Thursday, March 28, 2024

Goldman Does It Again: Firm Top Ticks Record Gold Price To The Penny

Courtesy of Tyler Durden

If only Goldman clients could receive a penny for every time the firm’s sellside advice top ticked the market (to the dot), they would actually be in the green despite following said advice… The most recent blatant example of a concerted sell off following a Goldman “buy” note, occurred at the very peak of the gold move, when the yellow metal had just hit a new all time record high. Sure enough, Goldman, which now apparently caters only to the momentum crowd, decided to use that catalyst as a reason for a note (dated 8:18 am on September 8, note the time relative to the gold price below) to send the signal it was once again in the outright dumping mode.

Lots of words, yet judging by the chart below, Goldman either is either the worst top-ticker in the history of gold, or the firm has found the most effective way to telegraph when the smart money should be selling gold.

h/t Mike

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Stay Connected

157,453FansLike
396,312FollowersFollow
2,280SubscribersSubscribe

Latest Articles

0
Would love your thoughts, please comment.x
()
x