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Commodities Briefing - Categorized | Commodity Crisis, Market Pulse more

Up broadly but strength of rebound doubtful

Posted on 14 October 2008

From Guardian: Commodities rebounded Monday from their biggest ever weekly loss as more nations showed resolve in saving their banks, but analysts said the rally looked suspect with the credit crisis far from over.

Leading the chorus of doubt was Goldman Sachs, a Wall Street powerhouse that was at the epicenter of an explosive six-year bull run in commodities that fizzled out this July. Goldman, which once put a high of $200 for a barrel of crude oil by 2010, said the market could fall to as low as $50 if the economic crisis deepened….. Full Article: Source


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