From a few days ago, the Goldmans 2h view for commodities.

‘We reiterate our long trading recommendations for Brent crude oil, UK natural gas, copper, zinc and soybeans’.

59520474-Goldman-Sachs-Commodity-Watch-2H2011-Outlook-July-7-2011

Essentially bullish due to the supply demand imbalances but near term volatility and short term risks to the downside.

20% upside for the next 12 months is the summary with an over weight recommendation.

Rich

 

1 Star2 Stars3 Stars4 Stars5 Stars (1 votes, average: 5.00 out of 5)
Loading...