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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: CommanderCricket who wrote (149353)	4/13/2011 12:52:29 PM
From: ChanceIs	6 Recommendations Read Replies (2) \| Respond to of 206160

Goldman Has Presented Us With a Goldmine First, a chart I had not seen before. The '98 collapse to $10 was past three sigma for sure. Seems to me we have some upside. I always liked pictures. Reading words can get so hard and tedious: Submitted by Phoenix Capital Research on 04/13/2011 10:03 -0400 Earlier this week, Goldman Sachs caused a sell-off in several commodities when it urged its clients to unload their currently profitable positions in a number of these assets. The financial blogosphere has since been gripped by speculation as to why Goldman did this. Is it allowing Goldman’s inhouse folks to load up on these prices on the cheap? Does Goldman really think the commodity story is over? Did God call and tell them that His work meant selling commodities in April (yes, I made that last one up). In the end, none of these explanations matter. All that matters is that Goldman has presented us with a buying opportunity in the commodity space. In fact, I SERIOUSLY hope Goldman issues a MAJOR sell of Gold and Silver so those assets get cheaper. Why? Well it’s quite simple really. We are rapidly entering a period of intense inflation. Commodities will be top performers during this period. And so the opportunity to buy them at a lower price is a Goldmine. I realize that this view runs contrary to Goldman’s published views on the commodity space. Many folks are genuinely worried that Goldman is calling a major top as the firm is thought to be run by the smartest guys on Wall Street. Let’s debunk this right now. Goldman is run by guys who literally made the firm insolvent. Their business practices absolutely DESTROYED their business. In fact, the ONLY reason the firm still exists is because you, me, and every other taxpayer bailed them out (several times by the way). The Fed and regulators COULDN’T have made it easier for Goldman to stay in business, whether it was allowing the firm to convert to a depository banking institution, throwing BILLIONS of Dollars their way, letting the firm lie to regulators (and Congress by the way), and on and on. Indeed, Goldman is only “the smartest guys on Wall Street” if you equate relying on HUGE moral hazard, front-running your clients, and selling assets that your in-house folks KNOW are garbage. So I’m not particularly worried about Goldman predicting a top in commodities. In fact, as I said before, I hope they tell EVERYONE they know to sell Gold and Silver. Doing this will only make these assets cheaper. And it WON’T negate the secular bull market we’re seeing in the commodity space. Graham Summers