Shocking! Forbes ran an article on how was goldman sachs at the center of the oil trading fiasco.
http://www.forbes.com/forbes/2009/0413/096-sachs-semgroup-goldman-goose-oil.html
We were so convinced that back in the 1H08 the commodity bull market was a bubble and was speculative trade by majority of investors...the surfacing of evidence of manipulative trade seems to pertain not to the majority of investors but to only a handful of high flying investment bankers. Including myself, there're so many believe that the commodity price will recover and value remains since it is a depleting asset. This may add to the skepticism of whether commodity should be a legitimate asset class due to lack of liquidity and abusive nature. Would the public starts pointing the finger on this organized crime, and investors start to discredit the commodity as an asset class?
Opportunities emerge during turbulence time, I really want to figure out a way to make good fortune before the economy starts to bottom out... probably wouldn't happen before 2011, or are we expecting worse to come....?
http://www.forbes.com/forbes/2009/0413/096-sachs-semgroup-goldman-goose-oil.html
We were so convinced that back in the 1H08 the commodity bull market was a bubble and was speculative trade by majority of investors...the surfacing of evidence of manipulative trade seems to pertain not to the majority of investors but to only a handful of high flying investment bankers. Including myself, there're so many believe that the commodity price will recover and value remains since it is a depleting asset. This may add to the skepticism of whether commodity should be a legitimate asset class due to lack of liquidity and abusive nature. Would the public starts pointing the finger on this organized crime, and investors start to discredit the commodity as an asset class?
Opportunities emerge during turbulence time, I really want to figure out a way to make good fortune before the economy starts to bottom out... probably wouldn't happen before 2011, or are we expecting worse to come....?
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