2013-11-07rt.com

While Washington did kick the debt can down the road as predicted, gold rallied 3% on the news - the complete opposite of [Goldman's] expectations...

After seeing an investment theory crushed by reality, a rational investor would take a moment to reexamine his premises. In Goldman's case, this would mean second-guessing the conventional belief in an imminent or ongoing US economic recovery. Yet, the day after Washington reached an agreement, Currie reaffirmed to Goldman's clients that his US economic outlook for 2014 is positive and that he believes gold faces "significant downside risks



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