Crypto Futures News 

Bitcoin Futures Isn’t Taking Gold’s Shine Away: Goldman Sachs

“As a result, according to the analysts at Goldman Sachs, the digital currency is unlikely to attract investors away from the yellow metal” writes unknown author for cryptocoinsnews.com. However, unlike gold, which is valued $8.3 trillion, bitcoin pales in comparison with a market value worth $282.8 billion.The bitcoin community has recently seen the launch of the Cboe Global Markets futures contract, allowing investors to bet on the price of the digital currency.Yet, despite many seeing the futures contract as a way of pushing bitcoin further into the mainstream, Goldman Sachs…

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News 

Goldman Sachs predicts bumper returns for commodities next year

“Therefore, a positive roll yield in oil will bring returns of around 15 percent next year, Goldman analysts said” writes Krisztian Bocsi for cnbc.com. Goldman Sachs is expecting the commodities sector to generate returns of almost 10 percent next year, more than other assets over the long run.Robust demand growth for raw materials worldwide should underpin the case for investors to own them, Goldman said in a research note published Monday.Unlike equities, which discount future growth, commodities rise as the current levels of demand offset the amount of available supply,…

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Crypto News 

GOLDMAN SACHS: Bitcoin hasn’t taken a bite out of demand for gold

“We believe the composition of demand between bitcoin and gold is the key difference in the recent price action” writes Will Martin for businessinsider.com. Larry McDonald, head of U.S. macro strategy at ACG Analytics told CNBC on Monday that he believes rising bitcoin demand is pushing down the price of the precious metal.There have been concerns from some in the commodity markets that gold demand could slip as bitcoin surges, given that both assets are favoured by investors with similar mindsets — that of generally mistrusting more traditional assets.Alongside the…

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Crypto Markets News 

Now there is a way for contagion from a bitcoin price collapse to flow into the rest of the markets

“And that’s not the only way bitcoin is vulnerable to real-world markets” writes Finanzen Net Gmbh for businessinsider.com. It might be healthy if the price of bitcoin reflected the bears in the market as well as the bulls.Oscar Williams-Grut’s excellent reporting on the Bitfinex flash crash shows people are already using leverage to bet on bitcoin in crypto exchanges.And as the only way to get the value would be to sell … there would be a run on bitcoin.If companies stop taking bitcoin as payment, then bitcoin won’t have an independent value…

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Markets News 

GOLDMAN SACHS: There’s an attractive way to profit from the $1.3 trillion student-loan bubble

“According to Goldman Sachs, the outstanding student loan balance has reached $1.3 trillion in face value, about the size of the high-yield corporate-bond market” writes Akin Oyedele for businessinsider.com. It’s the $190 billion of outstanding loans that are held within asset-backed securities (ABS) refinanced by private lenders such as SoFi.Student-loan asset-backed securities have been popular with investors this year, along with other types of risky credit securities like junk bonds, as the hunt for higher yield intensified.Student loans have grown to become the largest source of consumer debt in the…

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Crypto Futures News 

Goldman Sachs to Clear Bitcoin Futures for “Certain Clients”

“The report explained that the clients that will gain access to the Bitcoin futures options will be decided on an individual basis” reports financemagnates.com. According to him, Bitcoin futures trading could have the power to take down “the entire economy.” In any case, the anticipation of the launch of Bitcoin futures has significantly contributed to the absolutely astounding rise that the price of Bitcoin has undergone over the last several weeks.While Goldman Sachs has historically had a more open-minded approach to cryptocurrency than its peers on Wall Street, the firm…

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Crypto Futures News 

Goldman Sachs will clear bitcoin futures for some of its clients

“Goldman Sachs will clear bitcoin futures trading for some of its clients, according to a person familiar with the plans” writes Finanzen Net Gmbh for businessinsider.com. Goldman will decide who gets to trade bitcoin futures on a case-by-case basis, the person said.Goldman CEO Lloyd Blankfein said last week that it was too early for the firm to have a bitcoin strategy. Source: businessinsider.com Share This:

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News Stocks 

GOLDMAN SACHS: Tax reform won’t help the economy much at all

“Business Insider executive editor Sara Silverstein talks about the effect of tax reform on economy” writes Kara Chin for businessinsider.com. She cites a recent Goldman Sachs report, which says the benefit for corporations will be small, and that the effective corporate tax rate will only drop by a few percentage points. Silverstein also conveys Goldman’s point about how tech stocks may see less of a positive impact than previously expected. Source: businessinsider.com Share This:

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News Stocks 

GOLDMAN SACHS: Here are the 17 stocks hedge funds love the most

“Hedge funds make their money choosing which stocks they think will succeed and fail” writes Andy Kiersz for businessinsider.com. Goldman Sachs recently updated its Very Important Position list of stocks, which are among the top 10 holdings for a large number of hedge funds.It’s worth noting that the rankings are based off of funds’ 13-F filings with the SEC for the third quarter of 2017, and so their holdings may have changed since. Here are the 17 stocks that showed up most often in hedge funds’ lists of their top…

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News Oil 

Goldman raises 2018 oil price forecast on robust OPEC commitment

“A stronger than anticipated OPEC-led commitment to extend production cuts will support prices through 2018, according to analysts at Goldman Sachs” writes unknown author for cnbc.com. In a research note published late Monday, Goldman lifted its Brent price forecast for next year to $62 a barrel and its WTI projection to $57.50 a barrel.Oil prices have lost ground in the days following OPEC’s deal with global producers last week. The move was heavily telegraphed ahead of the decision, but oil producers had earlier indicated they could exit the deal if…

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