By Trader Mark | May 24, 2011 10:28 PM HKT Love 'em or hate 'em, Goldman Sachs (GS) is widely followed on Wall Street, so when they talk, people (at minimum) pay attention. About 6 weeks ago Goldman turned bearish near term on their recommended basket of commodities [Apr 12, 2011: Goldman Sachs Turns Near Term Bearish on Their Recommended Basket of Commodities] Three weeks later, the implosion of the commodity market began, as margin requirement hikes in silver led the way for the broader group. That's pretty darn good timing, considering the group had been in a bull market of incredible strength since late August 2010. Related Articles Oil jumps $2 after high Goldman Sachs forecast Wall Street slightly higher as commodities gain Gold Prices Set Euro and Pound Sterling Records, Major Currencies All "Vulnerable" Related Topics Gold Goldman Sachs Crude Oil Copper OPEC Silver London Subscribe to The Economic Monitor Subscribe to The Economic Monitor to get the day's most relevant news, data and anlaysis . Sample Here is a look at how the group has done over the past month - you can see outside of orange juice and rice, there has not been many places to hide. (note that gold has held in relatively well)

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