Goldman's Jim O'Neill Plays Dumb Cop Again, Sees Commodity Prices Dropping, Contradicts, Well, Goldman

Tyler Durden's picture

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silvertrain's picture

Perfect trading records everyday for everybody..

DutchTreat's picture

The Double Headed Squid.

Careless Whisper's picture

you mean like sell Timberwolf I to their clients, then bet against it?

Mr Sceptical's picture

I agree on euro belonging between 1.20 - 1.40. Everything else in the note is just bull shit...

Re-Discovery's picture

AM Silver surge.  Slow grind up in overnight.  Maybe too much too quick, but . . .

(Could be a London head fake as seems to be volatile.)

Moe Howard's picture

The squid knows I have been doing the opposite of what they recommend, now they are recommending both directions to throw me off.




<HELP> for explanation.

TheFourthStooge-ing's picture

It's a form of parasitic adaptation. Even though most of its clients are still gullible enough to follow its advice, the squid has sussed that some people (such as yourself) are no longer blinded by its ink sac ejections and profit by following the diametric opposite of its soothsaying. This disturbs the squid because it runs counter to its goal of accumulating more of everything.

The squid has adapted to your ability to see through its inkscreen by sending out legions of cuttlefish (which, according to wikipedia, are among the most intelligent invertibrates) which then proceed to issue all possible recommendations on all possible issues.

This benefits the squid in two ways. First, it becomes more difficult to discern the squid's true recommendation and its paired opposite, the recommendation for its clients. Second, after its clients lose a metric assload of money, it can point to the cuttlefish which made the best recommendation and then blame the clients for not following its advice.


rocker's picture

Speaking of parasites, when will they put Lord Blankfein and Neel Kashkari in Jail ?     Still waiting.

Seasmoke's picture

no different than selling MBS to your clients and then betting against the mortgages for defaulting

silvertrain's picture

Heads we win Tails you lose..

Math Man's picture

Short dollar trade is crowded.

Correct range for the Euro is $1.20-$1.40

Which means lower PMs, bitchez.

Re-Discovery's picture

Euro appears to be rallying.  Check that.  Greece won't shut up.

That short dollar crowd moved long dollar last week.

(Long dollar could have more staying power if Greek drama continues dominating the headlines.)

gookempucky's picture

Global Paper Number 118, October 12th, 2004; Crude, Cars and Capital, authored by D.  Wilson, R. Purushothaman and T. Fiotakis applied the original 2050 projections to the crude oil markets, and one of its conclusions was that there was likely to be a major supply and demand imbalance between 2005 and 2020.  HAY I KNEW THAT. This is like saying it might rain roughly 500-600 times between 2005 and 2020. These guys are better than the GREAT CARNAK..........

GS just another MAGNETAR

ivars's picture

Silver on its way to 30 after a short blip when greed temporarily equated selling  panic.

JimBowie1958's picture

You make some good points, but not buying today on anticipation of better prices in a year is a bit of a gamble. It is also plausible that hyperinflation kicks in by end of the year and our opportunity today is lost. Considering your projection of silver eventually hitting $100 in the foreseeable future, it would seem that buying now is an acceptable risk for paying a bit more now versus not being able to buy at all later.

But I want to say I like your posts as they seem well considered and prognostic to the degree I have followed them over the last few months.

Hephasteus's picture

Hedging the forecast. That way if it goes sour you simply show them the hedged forecast.