Goldman Sachs Locks-In Gains from Gold Short (GLD)
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April 25, 2013 1:34 PM EDT
Gold prices swung higher on Tuesday, clawing back loses after dropping $200 in a single day earlier this month. Interestingly, the move comes days after Goldman Sachs said it closed its short position in the precious metal, locking in gains following a previous Sell recommendations. Some say the Sell recommendation was... More
April 22, 2013 11:32 AM EDT
The SPDR Gold Shares (NYSE: GLD) is ticking higher following a bullish report in Barron's issued over the weekend.
Following a record $134 in gold futures last Monday -- the largest seen in some 30 years -- stocks in the sector are starting to look enticing. Multiples are at or near all-time lows for names like Barrick (NYE: ABX), Kinross Gold (NYSE: KGC), Goldcorp (NYSE: GG), Newmont Mining (NYSE:... More
April 10, 2013 11:34 AM EDT
Gold and Gold ETF (NYSE: GLD) are lower today after analysts at Goldman Sachs got more bearish on the precious metal.
The firm moved its year end target on gold from $1,600... More
