30.12.2015 - What will happen to commodity prices?
A recent conference convened by Goldman Sachs, the US bank, polled delegates on which metals they expected to recover the best in 2016. About 27% of delegates expected gold to be the best performing commodity next year with copper coming a close second at 20% of delegates. Embarrassingly, this is the contrary view to Goldman Sachs which believes copper has the best prospects. The truth of the matter is – and whisper this – nobody actually knows for sure. Fending off questions as to why Anglo American hadn’t acted quicker to cut loss-making operations and restructure central costs, CEO Mark Cutifani, responded somewhat wryly: "I don’t recall anyone two years ago predicting the prices we have today. I find that quite interesting"...............................................Full Article: Source
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