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Re: Coca-Cola Accuses Goldman Sachs Of Manipulating Metal Prices: WSJ

By: clo in ROUND | Recommend this post (0)
Tue, 21 Jun 11 1:34 AM | 66 view(s)
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Msg. 33555 of 45510
(This msg. is a reply to 33554 by Decomposed)

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Decomp,

You don't think Japan's need to rebuild will have an impact on industrial metal?
Or has the nuclear damage made that impossible? clo




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The above is a reply to the following message:
Re: Coca-Cola Accuses Goldman Sachs Of Manipulating Metal Prices: WSJ
By: Decomposed
in ROUND
Mon, 20 Jun 11 11:27 PM
Msg. 33554 of 45510

As I said on 10-June, "...an industrial metal. It is one of the investments that, right now, I am MOST pessimistic about - short term, mid term and long."

My pessimism regarding industrial metals has nothing to do with fraud or attempts to manipulate the price, but on a world economy that is on the verge of collapse. When this this blows, it's going to make the Dot-com bubble seem like nothing.

On a slightly different subject, I expect oil to continue falling - to $82 or so per barrel, but not much lower, this summer. After that, oil will resume its run.


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