The most recent call by Goldman Sachs to once again sell gold short has not, so far been a good move by the investment bank, and it comments in its latest research that it is down 5% on the call – with a stop loss indicated at 7%.  But, it also reiterates that it remains confident in its bearish viewpoint and that it still stands by its near-term gold price target of $1100 per ounce and longer term target of $1000.

Of course the big anomaly here is that Goldman and its followers between them have the financial clout to go a long way towards pushing the price back downwards in these days when the western gold price is still largely set on the COMEX paper gold futures market….

The above are the opening paras of my latest article on sharpspixley.com.  To read the full article click here