- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Big Banks playing dirty in the metals market
Posted on 2/14/14 at 3:47 pm to Iowa Golfer
Posted on 2/14/14 at 3:47 pm to Iowa Golfer
quote:
Some stuff I would call settled fact, some stuff I would call reasonable speculation, and some stuff is pretty far out there
Agreed on all cases. I just think something is horribly screwed up when banks are taking bail outs with public money on one hand and then speculating (which is bad enough) and manipulating commodity markets on the other hand. They are screwing the same public that is bailing them out by driving up prices of various goods in a dubious manner.
Just to be perfectly clear I see nothing wrong with speculating the in commodity market. I've traded gold, oil, wheat, corn, platinum, and others myself. Speculating when backed by the US government and its taxpayers is pretty bogus IMO.
This post was edited on 2/14/14 at 3:49 pm
1
Posted on 2/14/14 at 3:59 pm to LSU0358
quote:
speculating (which is bad enough) and manipulating commodity markets on the other hand. They are screwing the same public that is bailing them out by driving up prices of various goods in a dubious manner.
I don't want to recreate work because FT Alphaville already covered it here. That is a post about Talib's latest expose, but they have covered this A LOT over the past couple years. This post gives the best breakdown of what Goldman is actually doing via collateralized financing in the aluminum market, which I wouldn't necessarily call speculation.
This post was edited on 2/14/14 at 3:59 pm
Page 1 of 1
Back to top
Follow TigerDroppings for LSU Football News