Tuesday, February 16, 2016

Goldman says to short gold.

One of the signs of the end times is that banking models stop working.  They expect this and they get that.  Unfortunately for them, they leverage up big time assuming the things they are modeling have some kind of fundamental relationship, the same dumb crap move that LTCM pulled.  We will see soon enough if Goldman's negative call on gold is any good.  I suspect not.

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