Goldman Sachs recommended shorting Gold on Wed
Posted: Fri Apr 12, 2013 4:35 pmhttp://online.wsj.com/article/SB1000142 ... 64816.html
Investment bank Goldman Sachs Group Inc. said Wednesday that gold's prospects for the year have eroded, recommending investors close out long positions and initiate bearish bets, or shorts. The shift in outlook was the latest among banks and investors who have soured on gold as its dozen-year runup has been followed by a 12% decline in the last six months.