The Goldman Sachs Commodity Index has nothing to do with Goldman anymore. The GSCI is index of 24 commodities weighted by world production. Goldman believed that each commodity could be weighted in proportion to the share of that commodity in the economy. How can you do this? No idea. But ok. Of the total index, 45% is weighted to crude oil. 73.5% is dedicated to energy commodities. Of the remaining 27% of the index, 10% is allocated to each of agricultural commodities and industrial metals. The final 7% is split between precious metals and livestock.
Now look what happened at the end of the beautiful month of May with the volume. Who was positioning himself there without any price reaction?
Strange.
Now look what happened at the end of the beautiful month of May with the volume. Who was positioning himself there without any price reaction?
Strange.
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