goldman

Goldman warning on backwardation in copper to reverse inventory depletion. The LME copper inventory has been falling for months, and just keeps on going: http://www.kitcometals.com/charts/copper_historical_large.html#lmestocks_1year. Now Goldman warns that the market is about to tighten. Reuters: Copper spreads on the LME tightened sharply last week as the market finally started... Show More

Revenues from the Fixed Income, Currencies and Commodities division at Goldman dropped 47% in the past quarter as their mortgage bond business failed to deliver. Interestingly this was a much sharper decline that most of their competitors, Citigroup and Bank of America's declines were more in the 20 percent range.... Show More