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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Knighty Tin who wrote (11035)8/26/2004 12:29:05 AM
From: ild  Read Replies (1) of 116555
 
I hope in a short time I'll read a similar announcement about banks setting up GOLD trading desks

Global Banks
Rush to Profit
From Oil Boom

By MICHAEL R. SESIT, JO WRIGHTON and PETER A. MCKAY
Staff Reporters of THE WALL STREET JOURNAL
August 26, 2004; Page C1

It probably was inevitable: Once global banks came to the conclusion that oil was the hottest game going, they began falling over themselves to set up trading desks to try to profit from crude's surge.

online.wsj.com
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