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Goldman calls bottom of commodity market … six weeks after calling top

Posted on 25 May 2011

Jeffrey CurrieOil jumps to $111 a barrel after commodities specialist Jeffrey Currie says recent price falls have made oil, copper and zinc more attractive investments. The oil price jumped on Tuesday after Goldman Sachs called the bottom of the commodities market – just six weeks after calling the top.
Commodities prices have fallen by an average of 10% since Goldman commodities specialist Jeffrey Currie declared that in the near term, the rewards of holding raw materials such as oil, copper, platinum and cotton no longer outweighed the risks……………………………………….Full Article: Source

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VRS - who has written 34673 posts on Opalesque Commodities Briefing.


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