Loading ...Matrix : Re Goldman Sachs
Goldbugs believe they are the evil empire
That they are part of the 24/7 manipulation on behalf of the US Govt
Do you have any experiences with them worth sharing ?
When they put out a bearish call for the Euro for instance is it legit
or do they take the other side ?
JPM was the Feds bank in the currency markets, GS was a huge player, they could move markets like no other. Can’t recall any other bank who played their customers stop loss orders etc and yet the customers kept going back.
I think everyone is aware just how corrupt ALL banksters are since the 2007 financial bust, google US bank corruption, its a loooong list
Ever see the movie Margin Call, great movie to a T except the very end when they were calling out dumping their positions, Hollywood version they called other NY banks, really! every NY bank knew everyone was holding the same toxic mortgage backed securities…all AAA, what a joke!…they dumped them into Asia and Europe
Bull shit for a quick trade suggesting to sell and they are the buyers, happens all the time. Long term forecasts are different as nobody can manipulate the $Euro from 132 to 127. We know that Greece hired GS to hide debt problems 2-3 years before it was public knowledge, can you imagine leaving that meeting knowing you hold the cat in the bag and when you’ll release it, short the EURO$ and other instruments….$$$$$$$
If Gold could truly be manipulated it would still be $250…its not manipulation its gold being traded just like every other currency.
Again, regardless even if Mosses came down from the mountain and said the EURO$ was going to be 100 by Christmas, I’d stay on the right side of the indicators regardless and Christmas day I’d look at the price.
We use to have a saying in the shop, Dick your opinion has been wrong for 6 months, I’m all ears when you’ve been right for six months, I’d say the GoldBuggers have been wrong for 3 years, I have NO interest inwhat that crowd thinks about ……anything!