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Commodities Briefing - Categorized | Commodity Crisis, Market Moves more

Commodities crash was predictable

Posted on 06 May 2011

So Goldman Sachs was right after all. The bank everybody loves to hate called the top of the commodities market three weeks ago; yesterday, its prediction came true, with the declines in key commodities seen in recent days suddenly turning into an almighty crash.
The price of oil plunged especially dramatically, with Brent crude losing $12 yesterday, or 10 per cent, to trade at around $109 a barrel……………………………………….Full Article: Source


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VRS - who has written 37608 posts on Opalesque Commodities Briefing.


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