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OCT 08, 2013 - Business Insider

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GOLDMAN: Gold Is A 'Slam-Dunk Sell' When The Government Shutdown Is Over (GLD)

During a panel discussion at the Commodities Week conference in London today, Jeffrey Currie, head of commodities research at Goldman Sachs, called gold and other precious metals a "slam-dunk" sell once the current fiscal crisis in Washington is resolved. Whitney McFerron at Bloomberg News has the comments: "Once we get past this stalemate in Washington, precious metals are a slam dunk sell at that point," Currie said. "You have to argue that with significant recovery in the U.S., tapering of QE should put downward pressure on gold prices." Goldman has long been bearish on gold prices, ... Read More

Tags: GOLDMAN: Gold Is A 'Slam-Dunk Sell' When The Government Shutdown Is Over (GLD),  Commodities Latest News