Goldman Sachs makes $1 billion profit on food price speculation

Discussion in 'Wall St. News' started by THE-BEAKER, Jul 19, 2010.

  1. clacy

    clacy

    It's funny how many so-called "traders" are pissed when GS profits from "trading".
     
    #21     Jul 19, 2010
  2. +10000000000000000000000000000000000000000000
     
    #22     Jul 19, 2010
  3. Dogfish

    Dogfish

    #23     Jul 20, 2010
  4. Sugar futures price graph. Maybe the upward price trend is continuing.

    <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2961910 \img>
     
    #24     Sep 23, 2010
  5. If goldman wants to make risky bets go ahead, but dont run to taxpayers when they dont pay out.

    Our society shouldnt allow this non sense anymore. Between goldman and the arrogant fucking morons at the fed along with larry summers no one should be surprised when the US goes the way of the USSR.
     
    #25     Sep 23, 2010
  6. businessstaxes

    businessstaxes Guest

    goldman sachs doesn't gamble or speculate..these guys manipulate markets has trade record of 100%. goldman sachs is teh market and own the market .controls the horizontal and vertical in the market .and they do it with other peoples money.

    even the FBI or obama can't touch goldman sachs global crime syndicate.

     
    #26     Sep 23, 2010
  7. MKTrader

    MKTrader

    I wonder how much Soros* will make (a) promoting policies that will lead to hyperinflation and (b) speculating on hyperinflation?

    * convicted felon
     
    #27     Sep 23, 2010
  8. A few years ago the same crowd were complaining about the crisis with 3rd world farmers because prices were so low. I remember them starting a campaign about 'unconscionable' low coffee prices for farmers (sure enough, that marked the low of the coffee bear market).

    Now they are complaining that prices are too high? Which way do they want it. Low prices stuff farmers but benefit consumers; high prices stuff consumers but benefit farmers. Are they aware that these are two sides of the same coin?

    Goldman Sachs should be commended for bringing prosperity to 3rd world farmers :)
     
    #28     Sep 23, 2010
  9. I guess no one reads Matt Taibbi?
     
    #29     Sep 23, 2010
  10. :D I like it!

    Farmers themselves effectively speculate on the price of their very own crops via hedging. Farming is already risky enough - take the ability to hedge (speculate) away from the farmers and the business becomes ridiculously high risk.

    I know what many will say to retort - "but GS are not farmers."
    True enough, but how do you limit price hedging (speculation) to only certain people?

    You need a market, you need liquidity, you need GS.
     
    #30     Sep 23, 2010