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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Salt'n'Peppa who wrote (121379)6/4/2009 10:08:41 AM
From: GVTucker2 Recommendations  Read Replies (2) of 186121
 
Y'all are giving GS way, way too much credit.

The global market for crude is so much greater than the futures market that any manipulation of futures is going to get overwhelmed by the physical trade, which is so high that it is out of control of Goldman's capital.

GS would have to devote more than a billion in capital to manipulate crude in the manner you're saying, and they just aren't that stupid.
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