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Wall Street Roundup: The Goldman conundrum. Afghan gold hunt.

May 12, 2011 |  8:02 am

Bear - national geo Gold: Trading now at $1,494 per ounce, down 0.5% from Wednesday. Dow Jones industrial average: Trading now at 12,568.70, down 0.5% from Wednesday.

Still heading down. The unemployment numbers Thursday morning are good, but stocks are still heading down due to new concern about China's approach to growth and broader fears about the market.

Raj reaction. As Wednesday's big conviction of hedge fund magnate Raj Rajaratnam sinks in, all the discussion is about what it means. Many hedge fund managers at a conference in Las Vegas expressed relief that he was convicted.  

The Goldman conundrum. A new survey suggests that while few in the finance world like Goldman Sachs, few think the bank will lose customers because of its unpopularity. Feeding that unpopularity is Rolling Stone's latest screed on the bank.

Afghan gold hunt. Fortune takes an in-depth look at how JP Morgan is working with the Pentagon to search for gold in Afghanistan.

First take. As HBO rolls out its cinematic version of Too Big To Fail, an early reviewer is not impressed.

-- Nathaniel Popper

Credit: National Geographic.

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