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Commodities ‘super cycle’ not ending as Goldman sees more gains

Posted on 06 December 2012

The “super cycle” of gains for commodity prices is not ending as improving global economic growth boosts demand for raw materials, Goldman Sachs Group Inc. said.
Rising consumption may create limited availability of immediate supplies and boost near-term prices higher than long- term levels, a trading opportunity that may provide “significant” returns, New York-based Jeffrey Currie, Goldman’s head of commodity research, said in an e-mailed report today. The bank reiterated its recommendation that investors should be “overweight” in commodities, and that prices will return 7 percent in 12 months………………………………………..Full Article: Source

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