One would have to wonder how much Goldman Sachs will loose if POG keeps going up.
By downgrading a heap of gold stocks on Wednesday incl Anglogold, Barrick & Newcrest, GS must have so many short postions is must be costing them a small fortune by now.
If GS keep downgrading them and the POG keeps going up, I wonder if GS will turn around and then suddenly recommend them, I suspect not.
They will look at silly as some of the analysts who kept a recommending those dot com stocks even when the prices were falling like a rock.
Cheers
muzz
disclaimer : Hold shares in AOR, NCM
THE NEW GOLDEN ERA ****** the shorts are LOSING CO, page-4
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