Friday, April 15, 2011

Like Forfeiting Up 10-1 in the 2nd Inning

Yup, that is what Goldman Sachs just did. They just forfeited the baseball game up 10 to 1 in the second inning. They just pulled the most risky move a bank could make today. They told their clients to sell all of their commodity holdings that have been super profitable over the last year. Why?? Because they think that commodity prices will be lower in 3-6 months than they are today.  We'll see.......
Here's their actual research report, straight from the skyscrapers of Manhattan... http://www.zerohedge.com/article/goldman-moves-underweight-commodities
And here is a snapshot of all commodity prices so that we can see if they are lower in 3-6 months. With all the deficit spending by our Treasury and printing by our Federal Reserve its likely that Goldman exited the subway to soon.
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WTI Crude Oil 108.21
Wheat 7.39
Gold 1475.00
Silver 42.15
Corn 7.53
Copper 4.28
Soybeans 1331


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