New York, NY (PRWEB) March 13, 2013
Commodities mostly up on US Economy optimism, Reuters writes, while the commodities business squeezes the banks. Commodity revenue of giants like Goldman Sachs Group Inc fell to $575 million, from $1.6 billion in 2011, and $4.6 billion in 2009. The Wall Street Journal points to a recent survey by research firm Coalition of the largest investment banks, showing that commodity revenue dropped by 24% from 2012, to around $6 billion, losing more than 50% since its 2008 mark.
While some sing gloom and doom, others are more optimistic about the price of gold and futures, pointing to the commodity Contango Curves. Precious Metals, Natural Gas, Wheat and Uranium fall into that category.
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