Thats why I never listen to them. What a joke they are. Other day when Goldman Sachs came out and said GOLD stocks & GOLD overvalued because of decline in jewelry demand it reinforced my analysis to hold long.
And when Goldman Sachs was asked whether they held short positions on GOLD they replied by saying that they held both long and short. But they failed to disclose the ratio. Draw your own inferences and conduct your own research as to their position.
