Monday, Feb 01, 2010
Boom boom bust bust... more to come
Guardian: Commodities "next bubble to burst"
Here's the next one. And more fraud too
Posted by chrisch @ 08:41 AM (379 views) Add Comment
2 Comments
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1. freemanphil said...
Gold is different. Goldman Sachs are net short on gold, and have the biggest short positions. Allegedly on the behalf of the US Govt. Because of course, gold competes with Federal Reserve Notes. So, whilst Sachs are investing in commodities they are shorting gold and silver. Barick Gold, for example, had to close its hedging "business" because it lost too many billions shorting gold:
http://www.cbc.ca/money/story/2009/09/08/barrick-hedge.html
2. Crunchy said...
I said some time ago. "Try shorting gold." LOL
Is G. Soros still looking for a good price to buy? : )