Goldman's prediction a self fulfilling prophecy?

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Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.

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sinbob

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Goldman's prediction a self fulfilling prophecy?

posted on Sep 03, 2008 04:52PM

Another gem from Adrian on MIDAS tonight. Guess we don't have too much longer to wait folks.

"Bill,
In the September 2 session on the TOCOM Goldman Sachs COVERED an absolutely stunning 1,612 short contracts AND ADDED 351 LONG CONTRACTS to bring their long position to 1,049 contracts (a 50% increase in one session!!!!) and their net short position to 2,537 contracts (a 44% reduction in one session!!!). This is a NEW RECORD LOW for their net short position but beats the previous low by 1,963 contracts! This has absolutely astonishing implications for the gold market. GS is running for the hills. Clearly the gold market is headed MUCH higher.