-
Is Bitcoin The New Gold? Goldman Sachs Doesn't Think So
Tuesday, October 17, 2017 - 9:58am | 474Goldman Sachs Group Inc (NYSE: GS)'s CEO Lloyd Blankfein said in early October that he has "no conclusion" on bitcoin's prospect and isn't ready to endorse or reject the digital currency. The executive's personal view of bitcoin remains unknown and may not change after...
-
Goldman Sachs' Bullish View On Oil Unchanged Amid Recent Slump
Monday, March 13, 2017 - 8:18am | 292Analysts at Goldman Sachs continue to recommend owning commodities even though the asset class continues to suffer from the biggest slump in eight months. According to Bloomberg's Commodity Index, a gauge of the performance of raw materials, fell more than 3 percent last week which marks the...
-
Oil Rally Sparks Increased Turnover In Leveraged Energy ETFs
Monday, March 14, 2016 - 9:41am | 675Underscoring the recent bullishness from energy prices, the United States Oil Fund LP (ETF) (NYSE: USO) is up 22.6 percent over the past month. Energy equities are delivering impressive returns as well, as the Energy Select Sector SPDR (ETF) (NYSE: XLE) is higher by 11.7 percent over the same...
-
Goldman Sachs On The 'New Oil Order'
Monday, January 12, 2015 - 1:16pm | 395Goldman Sachs analysts Jeffrey Currie and Damien Courvalin issued a report on the "new oil order" Monday and forecasted that prices will remain low. The analysts noted that “supply rises more quickly than it falls in response to investment. As a result, the short-cycle nature of...