Goldman's New $70 oil call....

Discussion in 'Wall St. News' started by rickf, Oct 12, 2008.

  1. Wow, Goldman is really going on a limb with this call.

    :rolleyes:
     
    #11     Oct 13, 2008
  2. pitz

    pitz

    Oh really? That's why they're digging up my backyard and the rest of Northern Canada as we speak, just to satisfy the whims of hedge funds?

    That's delusional, and commodity inventories remain at extremely low levels relative to world demand.

    Folks, its not like in 2001 when tech firms had warehouses of Cisco and Nortel routers that were ordered and built on speculation. That eventually had to be liquidated for pennies on the dollar. If there are warehouses of commodities out there with all those commodities, of all kinds, just hidden away, I challenge you to show me.
     
    #12     Oct 13, 2008