Put Gold In Your Bag, But Let Silver Sag, Says Sachs

Do you remember "When E. F. Hutton talks, people listen"? Decades later, today we might say: "When Goldman opines, it goes online" ... or something like that.

Arguably, Goldman Sachs (GS) is the most revered of all Wall Street investment banks. And without actually scoring at home, we've sensed their inexhaustible prognostications to pass muster a good 50% of the time, (while churning their managed portfolios to yield fees 100% of the time, notwithstanding the firm's common shares having taken a 42% hit during the course of 2018). But we digress. Let's get to the point.

What do we know about Gold? Obviously It's a precious metal and de facto the purest form of money in the history of humanity. And in looking online per Bloomy, for the second half of 2019, GS is pushing Gold as a Long.

What do we know about Copper? Obviously it's an industrial metal with extensive uses ranging from carrying electrical current through just about everything to being a core material whether constructing storage shacks or building the biggest and brightest of the world's skyscrapers. And in looking online per Bloomy, for the second half of 2019, GS is also pushing Copper as a Long.

What do we know about Silver? Like Gold, Silver is money. Like Copper, Silver is extensively used for alloys, catalysis, chemical equipment, electronics, jewelry, medicine, nanoparticles in solar cells, and so on. We find Silver adorned in either its precious metals pinstripes, else its industrial metal jacket. Over the years we've even quipped that were one to put Gold and Copper in the Osterizer and press "purée" the result shall be Silver. So: Long Gold and Long Copper. But in looking online per Bloomy, for the second half of 2019, GS is pushing Silver as a Short.

Just as if in our schools these days should little Johnny think one plus one equals minus one, then that's OK. (Go figure).

1 2 3 4
View single page >> |

Disclaimer: If ever a website needed a Disclaimer, this is it. Indeed, your very presence at any page within this Domain which is www.deMeadville.com has already bound you in the ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.