RE:RE:RE:RE:The Goldman speaks yet againtsoprano1 wrote:
Darnit, only reason Goldman would ever be right is that they have unlimited access to paper, derivatives and futures contracts. As they did with gold to knock it down, they will just continue to flood the market with paper and never worry about delivery. An article posted on Long Run board stated that the demand in the US is up a million barrels a day and that globally there is no doubt an uptick in demand as well. Supply may be up as of recent numbers but will be falling precipitously in near term as rigs shut down, drilling ceases and the lack of stuffing the pipeline becomes apparent. There is no doubt in my mind we are running at a deficit right now and in a month the numbers will show it. Goldman can mouth off they want, but the smart money is on to their games. T
I AGREE 100%,(but those guys just about wiped me out with the PM manipulation, and they very much scare me, no matter how aware I am of their firepower and crookedness).