Dan Dicker: GS Troubles May Slam Oil Prices

Goldman Sachs ($GS)  is one of the largest players in the oil markets worldwide.  Could their problems lead to a sell off in the price of oil itself?

Dan Dicker, who boasts 20 years of experience as a New York Merc floor trader, believes that there will be a great deal of scrutiny of dark pools in general as a result of the recent fraud charges.  he believes that oil traders and speculators will run for the exits in the belief that Goldman’s shrinking presence in the oil market will mean lower prices.

Writing at RealMoney Silver, TheStreet.com‘s subscription service, Dicker says the following:

Goldman’s (GS) fraud charges are sure to affect oil prices too — and I think crude will be a terrific short for the medium term. Of all the things surely affecting oil prices, it has been my theory that the financial player’s perceptions of the market are the most important and telling.

He goes on to explain how the large integrated oil companies, formerly the big boys in the oil pits, are not as influential compared to Goldman and Morgan Stanley ($MS).  Should the financial players be pushed away from their trading activities, there could a real sell-off…

And I’ve seen the pattern enough in the past before to know: If you can lever some of this speculative money out of the market, by hook or by crook, prices go down — and sometimes they go down a lot. 

If you’re able to read the whole article, I highly recommend it…

Source:

Goldman Flap Makes Oil a Short (TheStreet.com)

What's been said:

Discussions found on the web
  1. torch Directory of Tor Onion sites commented on Oct 11

    … [Trackback]

    […] Read More to that Topic: thereformedbroker.com/2010/04/19/dan-dicker-gs-troubles-may-slam-oil-prices/ […]

  2. mesh-fence.net commented on Oct 19

    … [Trackback]

    […] Read More Info here on that Topic: thereformedbroker.com/2010/04/19/dan-dicker-gs-troubles-may-slam-oil-prices/ […]

  3. cvv full commented on Oct 31

    … [Trackback]

    […] Read More here on that Topic: thereformedbroker.com/2010/04/19/dan-dicker-gs-troubles-may-slam-oil-prices/ […]

  4. td canada easyweb login commented on Nov 06

    … [Trackback]

    […] Here you can find 72380 more Information on that Topic: thereformedbroker.com/2010/04/19/dan-dicker-gs-troubles-may-slam-oil-prices/ […]

  5. Check out Coca leaf tea commented on Nov 14

    … [Trackback]

    […] Read More Information here to that Topic: thereformedbroker.com/2010/04/19/dan-dicker-gs-troubles-may-slam-oil-prices/ […]

  6. Equation of Quality commented on Nov 24

    … [Trackback]

    […] Here you will find 80236 additional Info on that Topic: thereformedbroker.com/2010/04/19/dan-dicker-gs-troubles-may-slam-oil-prices/ […]

  7. td easy web commented on Dec 06

    … [Trackback]

    […] Here you will find 49940 more Info to that Topic: thereformedbroker.com/2010/04/19/dan-dicker-gs-troubles-may-slam-oil-prices/ […]

  8. 안전놀이터 commented on Dec 16

    … [Trackback]

    […] Read More Info here to that Topic: thereformedbroker.com/2010/04/19/dan-dicker-gs-troubles-may-slam-oil-prices/ […]

  9. Harold Jahn Edmonton commented on Dec 19

    … [Trackback]

    […] Information on that Topic: thereformedbroker.com/2010/04/19/dan-dicker-gs-troubles-may-slam-oil-prices/ […]

  10. Regression testing commented on Dec 22

    … [Trackback]

    […] Find More on that Topic: thereformedbroker.com/2010/04/19/dan-dicker-gs-troubles-may-slam-oil-prices/ […]

  11. House Cleaning commented on Dec 22

    … [Trackback]

    […] Find More on to that Topic: thereformedbroker.com/2010/04/19/dan-dicker-gs-troubles-may-slam-oil-prices/ […]

  12. best replica watch site commented on Dec 31

    … [Trackback]

    […] Read More to that Topic: thereformedbroker.com/2010/04/19/dan-dicker-gs-troubles-may-slam-oil-prices/ […]

  13. Eton ZoneGuard+ manuals commented on Jan 23

    … [Trackback]

    […] Read More Information here on that Topic: thereformedbroker.com/2010/04/19/dan-dicker-gs-troubles-may-slam-oil-prices/ […]