Goldman Sachs talking $14.50 soybeans, $5.30 corn, $7.50 wheat next 12 months

katesdp · Dec 12, 2007

And $750 Gold.

Ivanovich · Dec 12, 2007

do you have a source to quote or a link, etc?

detective · Dec 12, 2007

That can only mean one thing: Goldman is looking to sell spewing out those price targets.

Urkel · Dec 12, 2007

do u have a link?

nazzdack · Dec 12, 2007

I think they meant $13/bushel wheat. What about the $112/barrel crude oil?

katesdp · Dec 12, 2007

Goldman Sachs <GS.N>, the most active investment bank in
energy markets, now expects U.S. crude to average $95 a barrel
in 2008, up $10 from the previous projection. [nL12525023]

OldTrader · Dec 14, 2007

Quote from detective:

That can only mean one thing: Goldman is looking to sell spewing out those price targets.

So I guess you shorted some crude oil at $50 or so when they said it was going to $100 huh? LOL.

OldTrader

murray t turtle · Dec 14, 2007

Quote from detective
OldTrader:

So I guess you shorted some crude oil at $50 or so when they said it was going to $100 huh? LOL.

OldTrader

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Funny,Oldtrader;
actually think detective was using some dry humor also. And dont watch CNBC that much, myself, but they mentioned buying $150 crude oil options recently, in a serious tone. Maybe CNBC meant $75.0 crude oil or less. LOL

Not a prediction, but XOM exec recently mentioned $30 in price of oil;
which to me implied about crude $76.CNBC may call that projection $30 oil.LOL

Its really more of alternative trend than counter trend, Oldtrader;
founder of Interactive Brokers was seen on ad in December, riding a horse-''never use an ordinary trading vehicle''.