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Message: Re: Why Goldman Sachs Is Wrong About Lithium Prices

Thanks for posting this link, rkeeb.  It certainly joins a long list of articles previously published criticising GS for their misguided prognostications regarding Lithium prices and, more specifically, lithium demand vs supply.  A few samples from recent history re: GS's blunder:

3 Reasons Goldman Sachs Is Wrong About Lithium (energymetalnews.com)

Goldman got lithium forecast wrong: Benchmark (australianresourcesandinvestment.com.au)

Benchmark: Here's what Goldman got wrong about lithium prices - MINING.COM

Goldman wrong on lithium pessimism, specialty analysts say (NYSEARCA:LIT) | Seeking Alpha

Goldman Lithium Forecast Sparks Backlash Among Industry Experts - Bloomberg

Lithium Americas Not Likely To Be Held Back By Goldman Sachs Report (NYSE:LAC) | Seeking Alpha

Ignore Goldman Sachs And Buy Lithium Stocks On Sale | Seeking Alpha

And GS's siren song about Lithium is not limited to this year.  See this link from December, 2021:

Dump Lithium Stocks Now, Says Goldman Sachs | Barron's (barrons.com)

In November of 2017, GS had a prognostication about how in the early 2020's the lithium boom might be over:

"Looking ahead, Goldman Sachs, like our most recent supply analysis, predicts that supply should start ramping up beginning in 2019, and that the “lithium squeeze” might be over by the early 2020s. This is important to keep in mind and watch closely for when considering which lithium stocks to invest in."

3 Takeaways from Goldman Sachs on Lithium Investing | INN (investingnews.com)

So, this shows that GS was looking for a self fullfilling prophecy all the way back in 2017.  They almost had to say that the Lithium Sky was falling in2021 and in 2022 to fullfill their own 2017 prophecy, otherwise the Emperor would have No Clothes!

So, for a company like Goldman Sachs that screams DOOM and Gloom for lithium stocks, including Lithium Americas, just why would GS own shares in LAC, eh?  You could also ask the same question about Morgan Stanley, a co-conspirator in the "Let's tell everyone how bad Lithium Demand will be vs Lithium Supply Game".  

In theory neither one of these Debbie Downers should own a single share of Lithium Americas since they project the Demand vs Supply scenario is now almost dismal as Supply comes up the backstretch in this race and beats Demand into a mass of quivering jelly at the finish line here in the early 2020's.

Couldn't help but be reminded of a song from years and years ago (1966) when I think about the losing race for LAC predicted by both Morgan Stanley and Goldman Sachs:

(1149) The Race is On - YouTube

Just substitute the word "Pride" in the song for Supply and the defeated horse, of course, is Demand.  Then it all fits into the divination projection of MS and GS, thanks to George Jones.

Ok, back to the question of just how many shares of LAC are owned by GS and MS?  Shouldn't be any, but the reality is in contradiction to the soothsaying, crystal gazing, reading of the tea leaves their reading of the oracle bones by both of these "Giants of the Financial Industry"

Plug in LAC in the Search Window of this link:  Funds Holding LAC (holdingschannel.com)

Bottom Line:  GS and MS need to replace their crystal ball, get new tea leaves and trade in their oracle bones for a new set.

JMO

Okiedo

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