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Goldman On What Happens To Oil As Egypt Contagion Flares

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Mon, 01/31/2011 - 00:49 | 919370 bankrupt JPM bu...
bankrupt JPM buy silver's picture

Would like to welcome everyone to silvergoldsilver blog.  Stay tuned for updated info on the silver trade...(might be some oil in there to once in a while)


Mon, 01/31/2011 - 04:16 | 919570 Dr. Sandi
Dr. Sandi's picture

Thanks. I hope your site can fill me in more fully on the financial impact of the situation in Egypt. Particularly the Suez Canal waterway and oil pipeline.

Mon, 01/31/2011 - 06:13 | 919618 Sudden Debt
Sudden Debt's picture

FOX news isn't enough for you? :)


Just check out where those IDIOTS placed Egypt!!





for those who don't get it: Egypt is about 900 miles to the left and 300 miles lower on that map.


Mon, 01/31/2011 - 08:48 | 919733 66Sexy
66Sexy's picture


Mon, 01/31/2011 - 00:51 | 919376 RobotTrader
RobotTrader's picture

Gold getting smashed by the PPT tonight.

ES futures getting ramped.

100% damage control by the Plutocrats.

Mon, 01/31/2011 - 00:56 | 919390 NOTW777
NOTW777's picture

.42% is smashed???

Mon, 01/31/2011 - 01:00 | 919396 RobotTrader
RobotTrader's picture

Down $14 from the opening highs in Asia, taken down in just a couple of hours, yeah, I'd say that is a "smash" by the Cartel....

Mon, 01/31/2011 - 01:58 | 919471 topcallingtroll
topcallingtroll's picture

trade the charts man....why put on a tinfoil hat?  An increased liquidity preference from geopolitical events is not unusual.  No one is hedging end of the world now.

Mon, 01/31/2011 - 02:11 | 919485 Gary Busey
Gary Busey's picture


Mon, 01/31/2011 - 01:01 | 919401 TruthInSunshine
TruthInSunshine's picture


Zero Hedge, get your servers secure. It appears Blankfein, Dimon, Bernanke & ObaMao have cyber Jackals running interference.

Mon, 01/31/2011 - 01:45 | 919455 Careless Whisper
Careless Whisper's picture

will. not. work.

wind of change is blowing.




Mon, 01/31/2011 - 04:23 | 919578 Hephasteus
Hephasteus's picture

.42 percent smashed

1.2 percent blowtorched

2.8 percent monkeyhammered.

6 percent CRUSHED.

Mon, 01/31/2011 - 00:57 | 919394 HarryWanger
HarryWanger's picture

And oil will get crushed tomorrow. Mark this post - you will see stocks like AAPL up 2% tomorrow.

Mon, 01/31/2011 - 01:02 | 919403 TruthInSunshine
TruthInSunshine's picture

You'd better order extra inventory of urinal cakes, Harry, just in case there's a revolution or two (or more) that begins to impact things.

Mon, 01/31/2011 - 01:27 | 919433 bob_dabolina
bob_dabolina's picture

Got it marked. See you tomorrow Wanger.

Mon, 01/31/2011 - 01:51 | 919462 Sophist Economicus
Sophist Economicus's picture

OK, i'm in.    Just shorted march oil futures contract and bought 1000 shares of AAPL...

Mon, 01/31/2011 - 02:07 | 919483 topcallingtroll
topcallingtroll's picture

balls of steel.    I think you are a little bit early on the aapl, but that oil call seems reasonable.

Mon, 01/31/2011 - 01:55 | 919468 topcallingtroll
topcallingtroll's picture

Harry I love you but you gotta stop pounding the aapl, or "stocks like aapl."  Oil will have a correction eventually but not just yet, very soon though.  Food hoarding out of fear is something I hadn't thought about, but I still see moderation in food prices temporarily very soon.  The deflation monster is coming back.   We won't know how strong he is until certain pending macro events unfold in the next few months.  Hopefully he just slows gold and commodities and buys some breathing room until GDP is sustainable.

Mon, 01/31/2011 - 02:42 | 919506 PhattyBuoy
PhattyBuoy's picture

That is quite a wish list ... did you send that to Santa Claus?

Rampant & destabilizing commodity inflation is crushing these small countries.

And it is baked in the cake!

Mon, 01/31/2011 - 02:52 | 919512 Miles Kendig
Miles Kendig's picture

You said almost the same thing on Friday Harry.  Besides who cares about the poisoned apple, besides bitches like yourself.

Mon, 01/31/2011 - 01:54 | 919467 Michael
Michael's picture

I am sure they are tapping hard on the computer keys right now adding electronic zeros to the balance sheet as we speak.

Mon, 01/31/2011 - 01:56 | 919469 Sophist Economicus
Sophist Economicus's picture

Ramped?  ES up 3, Russell +2.    Geez, hyperbole is in the air tonight

Mon, 01/31/2011 - 07:15 | 919651 gold mining ceo...
gold mining ceos are idiots's picture

Gold up $30 on Friday and Newmont was down. This is allgoldman 

following the Armstrong model. I doubt they have an original thought.

Mon, 01/31/2011 - 07:57 | 919674 papaswamp
papaswamp's picture

Anyone who day trades (or even week/month trades) physical is out of their mind. Most hold physical as an insurance against the fiat since if the govt paper becomes worthless people will only accept gold/silver. I suspect in the next 10 yrs many muslim countries will run gold/silver as an alternate currency or even main currency (Gold Dinar and Silver Dirham) declaring the paper versions as an evil currency of satan (the west).

Mon, 01/31/2011 - 11:18 | 920176 hangemhigh
hangemhigh's picture

"100% damage control by the Plutocrats."


about half an hour before market open was checking pricing.  had intra-day  screen showing gap down CMG open at 207.....shortly thereafter server disconnect occurred.....when re-connected CMG open was at 221.....

money for nothing and your frauds for free!!........

Mon, 01/31/2011 - 00:52 | 919379 vxpatel
vxpatel's picture

Oil prices will go up, not b/c of the Suez etc, but b/c Ben keeps on printing...

Print baby print!


By negative action, this proves there is no Al Queda, wouldn't 'they' have seized on opportunities like the past few weeks to stir total chaos? All they would have to do is use an RPG and poke a couple of holes in a tanker...END GAME NOW

Mon, 01/31/2011 - 01:29 | 919436 Dr. Porkchop
Dr. Porkchop's picture

The terrorists are busy at their annual meeting in Davos.

Mon, 01/31/2011 - 02:34 | 919498 roebernsw
roebernsw's picture

Right on that one.

Mon, 01/31/2011 - 02:15 | 919489 topcallingtroll
topcallingtroll's picture

you guys gotta realize that the moslem brotherhood has no love for al queda.  The moslem brotherhood would take care of them if they found any in Egypt.

Mon, 01/31/2011 - 00:53 | 919382 Id fight Gandhi
Id fight Gandhi's picture

In the end, the little guy gets screwed because prices will soar. I have no doubt I will pay more for food and energy in the next month. Then all of a sudden the market will collapse, same ol same ol.

Fuck them.

Mon, 01/31/2011 - 00:54 | 919383 dick cheneys ghost
dick cheneys ghost's picture

900 million missing from afghan bank. i didnt know goldman had an office in afghanistan. probably just making markets or something.




Mon, 01/31/2011 - 00:57 | 919391 tickhound
Mon, 01/31/2011 - 00:57 | 919393 TruthInSunshine
TruthInSunshine's picture

Another easy fade-the-fucking-criminal-syndicate-that-is-Goldman Sachs-trade.

Thanks for giving us such a steady, dead-nuts reliable fade trade, Squid!

Mon, 01/31/2011 - 01:03 | 919407 HedgeFundLIVE
HedgeFundLIVE's picture

Barring an immediate positive change in Egypt, we should sell off a little more into month end and then remain range bound for a while. The Market loathes a vacuum of information. Even peaceful resolutions in Egypt, will still not satisfy the market. It is my opinion that this event is just the beginning. 



Commodities may be interesting to trade intraday volatility, but I will be staying away from overnighting them. 

Mon, 01/31/2011 - 01:08 | 919411 The Answer Is 42
The Answer Is 42's picture

I read on AlJazeera blog, from their guys on Cairo's center square, that El Baradei was ignored by most of the protesters. Yet US media have been gradually crowning him "the opposition leader". This is pathetic. WTF has Baradei done for Egypt?

Mon, 01/31/2011 - 01:29 | 919437 bob_dabolina
bob_dabolina's picture

He won the same worthless Nobel prize for peace that Obama (the same guy leading two wars) won.

Its all bullshit

Mon, 01/31/2011 - 01:40 | 919451 gwar5
gwar5's picture

I noticed that too, ElBaradei seems to be nothing but the UN globalist chosen pick. The people in the streets are calling for their "Rights"  --- those are Western ideas. Good.

ElBaradei has a history of supporting Iran, Hamas, and the Muslim Brotherhood who is now discussed as being  alliance with him. Not a good development. The MB seems to have tacit approval by our administration through their close association with CAIR (means 'conquer,' like we wouldn't notice).

Islamic Prime Minister of Turkey, Tayyip Erdogan: "Democracy is like a tram, you ride it until you arrive at your destination, then you step off."



Mon, 01/31/2011 - 01:12 | 919417 gwar5
gwar5's picture

I'm guessing oil goes up on fear, and a lot more on negative developments

And they're already accelerating food imports... so, good call Goldman.

Green light for Benocide to print more money to help the world pay for the higher prices.

They're all going to love America for the hunger in their bellies when they get through with Hosni.


Mon, 01/31/2011 - 01:17 | 919422 Temporalist
Temporalist's picture
Raw Video: Thousands Protest Corruption in India



Rahul Gandhi demands change amid graft fury

By James Lamont and Anjli Raval in New Delhi

Published: January 30 2011 17:57 | Last updated: January 30 2011 17:57

Rahul Gandhi, the scion of the Nehru-Gandhi dynasty, appealed for the urgent repair of India’s political system as thousands of people took to the streets in 60 cities at the weekend to protest against a tide of corruption.



Mon, 01/31/2011 - 01:22 | 919431 simon says
simon says's picture

Goldman sell side is great contra indicator.  Buy oil hand over fist.  Agree with Robot Trader that PPT is very active on PMs.  Trying to keep Silver under $28 and Gold under 1350 ... not sure why ... one obvious possibility is QE3 to bail out Munis.  QE4 bails out Japan and UK???  We are clearly spinning out of control ... world is "one" in the worst possible way.

Mon, 01/31/2011 - 03:36 | 919548 Oh regional Indian
Oh regional Indian's picture

Good observations and well said Simon. One in the worst possible way indeed.

Everyone is drowning.




Mon, 01/31/2011 - 01:48 | 919458 Careless Whisper
Careless Whisper's picture

erin b-cup burnett is a stupid selfish dumb bitch.



Mon, 01/31/2011 - 02:04 | 919478 topcallingtroll
topcallingtroll's picture

But I really want to fuck her.  Didn't Snaggletooth Santelli bang her?

Mon, 01/31/2011 - 02:06 | 919482 gwar5
gwar5's picture

I think the Oracle of Omaha showed her how he got his name on their way to China on his private jet.

Mon, 01/31/2011 - 07:27 | 919655 ZeroPower
ZeroPower's picture

Snaggletooth Santelli


Mon, 01/31/2011 - 02:05 | 919480 gwar5
gwar5's picture

Here's another Erin Burnett jewel I just posted before I saw yours. Apparently the poor starving masses in Egypt are also upset about their tee times.

Erin Burnett, CNBC, now in Cairo to report says: "there were men in the streets with bats, knives and golf clubs...."


Mon, 01/31/2011 - 01:49 | 919460 chump666
chump666's picture

Goldman...should be watching money market/CDS spreads for that region.  If they spike, so will oil.

Still if Goldman has a mega bet that oil will sell on China tightening, they could be sweating on middle east turmoil.  A lot of people got squeezed on gold/oil shorts when the Egyptian riots went live.

Mon, 01/31/2011 - 02:03 | 919477 topcallingtroll
topcallingtroll's picture

goldman's history with china has been been to take the short side of the oil trade and then hedge off the risk.  I think they will be ok.

Mon, 01/31/2011 - 02:07 | 919484 chump666
chump666's picture

they aint that smart, i'll bet someone is holding a massive short on oil, JP morgan fucked up a gas trade awhile back...same with goldman.  oil just spiked from 85 - 90 what in 4days?

Mon, 01/31/2011 - 02:17 | 919490 topcallingtroll
topcallingtroll's picture

they should be that smart.  they know the basics such as delta hedging, but they may have gotten greedy so I will reserve judgment.

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