Livewire News

Goldman warning on backwardation in copper to reverse inventory depletion. The LME copper inventory has been falling for months, and just keeps on going: 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

Tom McKay

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