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Goldman Sachs commodities strategist Jeff Currie causes a stir by saying he wouldn't be...

Goldman Sachs commodities strategist Jeff Currie causes a stir by saying he wouldn't be surprised “if we woke up in summer and oil cost $150" a barrel. In December, the firm's official forecast for 2013 was ~$100/bbl. Currie says that despite the boom in U.S. shale gas, the oil price remains high, which he attributes primarily to sanction-related supply disruptions in Iran.
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Comments (3)
  • Larry Smith
    , contributor
    Comments (2656) | Send Message
     
    GS is long oil.
    18 Jan 2013, 09:37 AM Reply Like
  • Ted Bear
    , contributor
    Comments (624) | Send Message
     
    Yup......didn't they try to get out once before with this sort of call?

     

    Remember the bond call from 2012? Ten year was at 2.40% or so and they made the 'short of the century' call.

     

    Probably one of the worst of a bad series of calls that they have ever made.......
    18 Jan 2013, 09:42 AM Reply Like
  • Ray - Kitchener
    , contributor
    Comments (74) | Send Message
     
    What an a^&h(*&! Let's get all the suckers on board and then take it down from there. Classic "Pump & Dump". It's amazing these guys get paid for making off the cuff statements. For the record, I hold both bull and bear Oil ETF's with a heavier weighting long. We will see.
    18 Jan 2013, 10:12 AM Reply Like
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