Goldman Sachs: Short Gold! Buzz Killers!

In today’s Wall Street Journal there is a piece titled “Goldman Sachs: Short Gold!” (found here).

Dagnabbit!!!!  It was only yesterday that we outlined the significance of a “stage 4 buy” indication when and if it arrives.  However, with Goldman calling to short gold, with an exclamation point no less, we may not ever get to realized the “stage 4 buy.”  what a bunch of buzz killers at Goldman Sachs.

We hope that enough people will listen to Goldman and short gold up to the gills.  Furthermore, we hope that the price of gold declines enough for us to realize the “stage 4 buy” based on our Gold Stock Indicator.  We seldom hope for anything but this is one instance where we’ve become irrational on this subject.

Below is a timeline of notable Goldman Sachs short calls that could be easily retrieved from the internet.  We admit to not looking too hard, so if you can find other short calls by Goldman, whether accurate or not, from verifiable third party sources then it would be appreciated.  However, for the ones that we’ve found, the calls to short the respective financial instrument has been uniformly inaccurate.  Stinkin’ buzz killers.

2010

Source: Durden, Tyler. ZeroHedge. Goldman Technician Says To Short Market Unless S&P 1083 Is Recovered Today. June 30, 2010. accessed April 10, 2013. http://www.zerohedge.com/article/goldman-technician-says-short-market-unless-sp-1083-recovered-today.

2011

Source: Gongloff, Mark. Wall Street Journal. Goldman: Short the Dollar. August 10, 2011. accessed April 10, 2013. http://blogs.wsj.com/marketbeat/2011/08/10/goldman-short-the-dollar.

Source: Gongloff, Mark. Wall Street Journal. Goldman Says It Closes Its Short Germany Bet. December 16, 2011. accessed April 10, 2013. http://blogs.wsj.com/marketbeat/2011/12/16/goldman-says-it-closes-its-short-dax-bet.

2012

Source: Durden, Tyler. ZeroHedge. Goldman Tells Clients To Short US 10 Year Treasurys. January 23, 2012. accessed April 10, 2013. http://www.zerohedge.com/news/goldman-tells-clients-short-us-10-year-treasurys.

Source: Russolillo, Steven. Wall Street Journal. Goldman Sachs: Short Stocks. June 21, 2012. accessed April 10, 2013. http://blogs.wsj.com/marketbeat/2012/06/21/goldman-sachs-short-stocks.

2013

Source: Russolillo, Steven. Wall Street Journal. Goldman Sachs: Short Gold!. April 10, 2013. accessed April 10, 2013. http://blogs.wsj.com/marketbeat/2013/04/10/goldman-sachs-short-gold.