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Is anyone interested in current Goldman thoughts on commodities?

bidaskbidask Posts: 14,017 ✭✭✭✭✭
in Precious Metals
??
I manage money. I earn money. I save money .
I give away money. I collect money.
I don’t love money . I do love the Lord God.




Comments

  • OPAOPA Posts: 17,121 ✭✭✭✭✭
    Why not...they were fairly accurate for once, in their forecast from last year, that this year gold will drop to $1100 before years end. I would like to see what they are saying for 2015.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • derrybderryb Posts: 36,836 ✭✭✭✭✭
    Aren't they known to give advice in one direction and trade for themselves in the other direction?

    Natural forces of supply and demand are the best regulators on earth.

  • RedTigerRedTiger Posts: 5,608 ✭


    << <i>Aren't they know to give advice in one direction and trade for themselves in the other direction? >>



    There is that infamous line from a Goldman Sachs employee, using the derogatory term "muppets" to describe paying clients.

    Goldman does recruit very smart, ruthless people. So maybe they are doing the double-double cross, that now that everyone thinks their advice is for muppets, they are actually sharing their best ideas. You can never tell with Goldman, so I treat the reports mostly as noise. No one can manipulate you if you ignore them.

    That's the thing with smart people in the finance game, they are usually way ahead of the regular folks that might be clients or on the other side of the trade. That's why I laugh when someone post a link claiming some big fish like Soros is doing such and such, and we had better take note. By the time the little fish read that, Soros has reverse his position, possibly several times, in and out, and the news might well be chum, used to bait more little fish in, so the big fish can feed some more.

    I often use the master spy analogy. A well trained spy will give information that will lead the enemy astray if they assume it is false and also if true. Very smart people construct puzzles that way. Again, best treat it is as noise. You can't be manipulated, if you don't listen.
    Investment blog: gold, stocks and more
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,296 ✭✭✭✭✭
    Who said sacks of gold man ?
  • MGLICKERMGLICKER Posts: 7,995 ✭✭✭
    Text

    Well said.
  • VanHalenVanHalen Posts: 3,994 ✭✭✭✭✭


    << <i>Who said sacks of gold man ? >>



    I thought it was GoldMans Sacks and love RedTiger's comment, "...You can never tell with Goldman, so I treat the reports mostly as noise. No one can manipulate you if you ignore them..."

    image
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,296 ✭✭✭✭✭
    Probaby more interested in Goldman as a commodity than reading their thoughts on commodities…. image As finance/banking goes.
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