If Bitcoin is, in fact, a commodity, Goldman's head of commodities research, Jeff Currie, argues that it still won't hold a candle to the gold-standard of commodities — gold.
Lloyd Blankfein Lloyd Blankfein, former co-head of fixed income, currency and commodities; Robert Steel Robert Steel, former head of equities; and Robert Kaplan Robert Kaplan, who had been global co-head of investment banking, will report to John Thain John Thain and John Thornton John Thornton, co-presidents of Goldman, in their new roles.
In my radio broadcasts and seminars, Im typically asked where a stock or commodity is headed.
"Oil is going to have a tough time getting back over $100 and staying there," said Matt Zeman, head commodities trader at LaSalle Futures in Chicago.
Long term trends are pretty dire," said Francisco Blanch, head commodity analyst for Bank of America-Merrill Lynch, in London.
"Waste has become a commodity," says Pål Spillum, head of waste recovery at the Climate and Pollution Agency in Norway.
Led by Lloyd C. Blankfein, a former commodities trader who heads the fixed-income, currency and commodities division, the bond traders have taken advantage of electronic trading platforms to make their business a major profit center.
But Ed Morse, global head of commodities research at Citigroup, disagrees.
Bank of America has also named Patrick Coleman as global head of commodities.
Mr. Ghavami, a Belgian national, left UBS in 2007 as global head of commodities.
