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What’s up with Goldman Sachs’ commodity call?!
Yesterday, Goldman Sachs decided to call the top in commodities by dumping its profitable positionin the CCCP basket. The man who tried to call a top, Jeffrey Currie, chooses to lock-in a 25-percent-profit on the trade he opened in December 2010. He thinks the near term risks have become too excessive, especially with the recent rally in oil prices.
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