Remember way back when Goldman said it was time to SHORT gold?

[PaceAdvantage]

Man, don't you wish you had listened to them back on April 10, 2013?

$1,585 an ounce it was before their call.

It's now $1,163.

What's a $400 move in gold on 1 future's contact worth? $40,000.

$40,000 in a little over a year on only one contract.

Wonder how many contracts Goldman shorted... :lol: :lol: :lol:

[PaceAdvantage]

Here is their call from back then:

https://www.bullionvault.com/gold-news/goldman-gold-041020131

In October 2013, they double downed and called it a SLAM DUNK SELL...with a price target of $1,050 an ounce "by next year."

http://www.bloomberg.com/news/2013-10-08/goldman-s-currie-says-gold-is-slam-dunk-sell-after-shutdown.html

Only another $100 to go...

[_______]

The problem is figuring out, at the time of the call, if they are going to right.

Their oil analyst, Jeff Currie made a call last year for Brent Crude to hit $150/barrel by 2015. He stuck with that call all the way through this week when he bravely changed it to $75.

Calling markets is a tough business. I'm sure Mr. Currie didn't get where he is by being dumb. But if a guy like him at a firm like Goldman can be so wrong on a major market, how much trust do you want to put in their predictive powers?

On the equity side, I often like seeing a lot of sell recommendations from analysts. That can be an initial filter for locating a stock the market is undervaluing. You rarely find value when everyone is telling you it's a buy.

[badcompany]

My best performing stock since that date has been Gilead. I'd be perfectly content to hold it for the rest of my life.

http://i95.photobucket.com/albums/l142/thinlizzy21/b1182007dfa4ff37b24f65e5fb4943c8_zps94ac754b.jpg