The bank had told its clients to bet on lower gold prices April 10, slashing its short- and long-term gold forecasts as prices dangled above bear-market territory at $1,588.30 an ounce.At the time, analysts Damien Courvalin and Jeffrey Currie told clients that "should our expectation for lower gold prices continue to prove correct, the fall in prices could end up being faster and larger than our forecast."On April 12, gold embarked on its worst two-day plunge since futures first started trading in New York.
Tuesday, April 23, 2013
Goldman: It's time to close out those gold shorts - MarketWatch
Goldman: It's time to close out those gold shorts - MarketWatch
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