It’s no secret that Goldman Sachs has an enormously profitable trading operation. In the most recent quarter they reported an astounding $10B in total trading and investments. This represented 81% of the firms total revenues. One of the most profitable arms of this trading operation is the commodity desk. Goldman’s commodity calls are often market moving and always noteworthy. Their latest commodity positions reflect the firm’s continued bullish outlook on the economic recovery.
Goldman is very bullish on Natural Gas. Their 3 month price target on Nat Gas is $6.50 while their 12 month target is $7.70. That is a 33% and 57% expected climb.
How to play it? Goldman likes Summer 2010 NYMEX Natural Gas futures....MORE
Tuesday, November 3, 2009
HOW GOLDMAN SACHS IS TRADING THE COMMODITY MARKETS (GS)
From The Pragmatic Capitalist: