PMs: Goldman Sachs Warns Commodities Boom May Be Over

[bobbyw24]

Commodity markets extended losses on Tuesday, with oil recoiling from the previous session's 32-month high under pressure after Goldman Sachs advised investors to cut and run, also leading to steep losses in precious metals and grains.

Long-term commodity bull Goldman advised its clients to take profits as there is a strong chance that commodity prices may reverse.

The Reuters/Jefferies CRB index has gained nearly 10 percent since the start of 2011, and is up 66 percent in the past two years on a mix of easy money and surging demand from China. Concern however has grown that rising commodity prices are hurting demand prospects.

Read more: Goldman Sachs Warns Commodities Boom May Be Over


http://www.moneynews.com/StreetTalk/Goldman-Sell-Commodities-gold/2011/04/12/id/392561

 

[AmericasLastHope]

Time to double-down.

 

[acptulsa]

So, does this mean they're as short on the silver they say they have as Chase?

Probably not. Now that they're owned by the government, they're probably just trying to get everyone to volunteer to have the best, most proven alternative to fiat crap locked up in Ft. Knox or the Fed basement so they can tell us there isn't enough available to meet our monetary needs.

 

[WilliamC]

They are just trying to shake out the weak holders.

Buy more if you can at all afford it!

 

[Original_Intent]

I'm waiting for Cramer.

 

[Romulus]

Just a little dip before another big climb

 

[puppetmaster]

I'm waiting for Cramer.

 

[Legend1104]

hahahahaha............no

 

[Dr.3D]

If anybody believes Goldman Sachs, they probably also believe in the Easter Bunny.
Goldman Sachs is just another branch of the Federal Reserve/government, and they will do anything they can to make the dollar look better than it really is.

 

[acptulsa]

Goldman Sachs is just another branch of the Federal Reserve/government, and they will do anything they can to make the dollar look better than it really is...

...even as George Soros and company put together its replacement.

 

[Dr.3D]

...even as George Soros and company put together its replacement.

Even Barnum and Bailey had to replace a few clowns once in awhile.