Archive - May 23, 2010 - Blog entry
The Big Picture: Why Is It So Hard to Stop the Oil Gusher, and Why Was Such Extreme Deepwater Drilling Allowed in the First Place?
Submitted by George Washington on 05/23/2010 23:20 -0500The bigger picture ...
Futures charts; May 24th
Submitted by Cheeky Bastard on 05/23/2010 15:34 -0500Here we go again .... and again
Investor Sentiment: It Would Be Better If...
Submitted by thetechnicaltake on 05/23/2010 14:00 -0500This is my wish list and it would be better if....
Goldman Shares Poised to Fall After Rising on False SEC Settlement Rumor
Submitted by Static Chaos on 05/23/2010 13:14 -0500For those basting in the euphoria of last Friday's rebound in the financials thus believing Goldman's shares are oversold, I'm happy to reiterate that the downward trend from the technical chart remains intact.
LBMA, LPMCL and the use of fractional banking techniques and derivatives in the gold market.
Submitted by Cheeky Bastard on 05/23/2010 04:59 -0500Here are some Trivial Pursuit questions for you:
1) What is the biggest market in the world for a physical commodity?
2) Is the gold market one of the smallest markets in the world for a physical commodity?
I would guess that you answered:
1) Crude oil.
2) Yes. Gold is one of the smallest commodity markets in the world.
If those were your answers, you are wrong. What everybody believes to be the "tiny gold market" is in fact the world's biggest physically traded commodity market. Let's have a look at some facts. The London Bullion Market Association (LBMA) "over-the-counter" (OTC) gold market trades approximately 90 percent of the world's physical gold trade.
