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GOLDMAN STOMPS ON COMMODITIES

Apr. 11, 2011 7:24 PM ETSPY, QQQ, AAPL, XLB, XLF, IYR, IYT, XLU, IEF, TLT, UDN, FXE, GLD, SLV, DJP, USL, GAZ-OLD, FCG, XLE, DBB, XME, DBA, EFA, EEM, EWJ, EWA, EWC, EWZ, RSX, EPI, FXI
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David Fry's Blog
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The IMF (close Goldman Sachs(GS) associations) lowered global economic growth expectations perhaps lowering demand for commodities; Fed Governor Dudley (ex-GS) pronounced inflation as "transitory"; rumors swirled the CFTC (Chairman Gensler ex-GS) would raise margin requirements on energy and, "presto"! Goldman Sachs told clients to close long commodity tracking positions. That's the power GS has with ex-employees planted like moles throughout the industry...READ MORE

 


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