Goldman Spots A Huge Problem For The Fed

https://www.zerohedge.com/markets/goldman-spots-huge-problem-fed

What Goldbugs Have Been Waiting For: Goldman’s New Primer On Gold

http://www.zerohedge.com/news/2017-10-17/what-goldbugs-have-been-waiting-goldman%E2%80%99s-new-primer-gold

Goldman Tells Clients To Start Buying Gold; Raises Price Target By $100

http://www.zerohedge.com/news/2016-06-24/goldman-tells-clients-start-buying-gold-raises-price-target-100

Goldman Is Getting Nervous: "There Are Significant Risks To Our Forecast For Gold Price Weakness"

This is as close to a "mea culpa" that Goldman Sachs will ever admit to.

http://www.zerohedge.com/news/2015-10-21/goldman-getting-nervous-there-are-significant-risks-our-forecast-gold-price-weakness

The 'Big Long' Gets Bigger As Goldman And HSBC Gobble Up Tons More Gold

http://seekingalpha.com/article/3440296-the-big-long-gets-bigger-as-goldman-and-hsbc-gobble-up-tons-more-gold

When Goldman Writes The New York Fed's Press Releases, Then All Is Lost

Goldman Sachs doesn't just have undue influence over the Fed.  It IS the Fed.  Or at least the Fed has jobs waiting for former Fed and US Treasury officials.

http://www.zerohedge.com/news/2014-12-06/when-goldman-writes-new-york-feds-press-releases-then-all-lost

8 Months of Muppet Brutality: Why And Where Goldman Told Clients To Buy Banco Espirito Santo

This is another example of Goldman Sachs telling some of their clients to buy a banking stock which would later collapse.

http://www.zerohedge.com/news/2014-08-04/8-months-muppet-brutality-why-and-where-goldman-told-clients-buy-banco-espirito-sant

Goldman Goes Schizo On Gold: Boosts Price Target To $1200 Even As It Is "Selling It With Conviction"

Even the contrarian approach to "do as they do, not as they say" investment thesis is getting confusing.  Goldman Sachs is sending out "mixed signals" in their continuing denigration of gold.  Are they buying or are they selling?  Or do they just like talking out of both sides of their mouth.

http://www.zerohedge.com/news/2014-07-23/goldman-goes-schizo-gold-boosts-price-target-1200-even-it-selling-it-conviction

Two-faced Goldman appears to hedge bets on gold stocks and bullion

http://www.mineweb.com/mineweb/content/en/mineweb-fast-news?oid=238588&sn=Detail

Goldman Sees Risk of Gold Below $1,000 on U.S. Economy

Here is another round of Wall Street firms downgrading gold's prospects.  Their thesis is the global economy is growing again, the US will require less debt monetization due to an improving economy, and all is good.  Exploding debt levels are no longer a problem, and neither are the dormant toxic derivatives buried off-balance sheet.

Yet, it is a given that the US will raise their debt ceiling. OK, got it...

http://www.bloomberg.com/news/2013-09-13/goldman-sees-risk-of-gold-below-1-000-as-u-s-economy-gains-1-.html

Ahead Of Tomorrow's Hearing On Goldman And JPM's Commodity Cartel

Same ol', same ol':  the banks own everything.  Which means everyone payers higher prices for everything.  Surely, that is good for the economy, right?

http://www.zerohedge.com/news/2013-07-22/ahead-tomorrows-hearing-goldman-and-jpms-commodity-cartel

The massive bailout and how it affects us...

Berkshire just injected $5 Billion into Goldman Sachs, while the Fed and Treasury announces a $700 Billion bailout. Despite the market turmoil, I'm going to guess this signals we're closer to a bottom than a cataclysmic meltdown in equities and real estate. We'll still have to endure a couple more years of pain before the economy and the housing market recovers. I think we'll have a couple more big legs down and more bank failures, but bottom fishers should eventually do well by investing in companies with strong balance sheets. Having said that, Christmas will be subdued this year.

The big risk is that more financial institutions become victimized by the cascading insolvency, as many are linked due to naked derivatives. which encourages high-risk speculation without accountability, which got us into this mess in the first place. Leverage works both ways--it's great for maximizing returns in a healthy economy, but it's lethal when markets are unwinding. Right now, we are experiencing a de-leveraging process not seen since the Great Depression. If more big banks start going under, buy more ammo--it's going to get uglier.

Hopefully, the worst is behind us, but I'm not jumping in just yet--I need more proof this tanker is going to turn around. The thought of buying into a fire-sale is enticing, but I'm not going to try to catch a falling knife--it can cut you. I want to see more blood in the streets, and the whites of people's eyes before I dive into the deep end of the pool. For now, I'm happy to be wading in the kiddie pool.

Good luck people--it's going to be a wild ride. This downturn will be a doozie--the worst in our generation, but eventually we will recover, I assure you.

Hunker down, work the extra overtime, use generic instead of designer labels, and ride this sucker out. Don't wait for the other shoe to drop--even if you are currently employed, be prepared for impending layoffs. Work you network, stay in touch with your influencers, and plan for the worst, while hoping for the best. Save for a rainy day, because this is that rainy day. And remember: equity is not cash. Cash is cash. Stay liquid.