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Commodities Briefing - Categorized | Market Moves, Trading, Trends more

Commodities rally as Goldman goes long

Posted on 25 May 2011

Having last month prompted a sell-off in mining shares after calling the top of the commodities boom, Goldman Sachs had the opposite effect on Tuesday after decreeing it was once again time to go long.
Analysts said in April - just as commodities trading giant, Glencore International, was preparing to float - that it was time to take profits in raw materials such as copper. But, this was a short-term view and given the recent slide in commodity prices, Goldman is now turning “more bullish”……………………………………….Full Article: Source

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VRS - who has written 36685 posts on Opalesque Commodities Briefing.


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