Sovereign Wealth Believes Long-Term Viability of Gold
Posted on 04/17/2013
In mid-April 2013, there was a massive sell-off in the world gold market. Strategists at Goldman Sachs informed clients to short gold, targeting US$ 1450 an ounce. At the time gold was trading around US$ 1570 per ounce. Several of the large bullion banks had major short positions in precious metals in early January. A […]