Goldman predicts commodities will soar in 2019

Bloomberg/Ranjeetha Pakiam/11-26-2018

“’Given the size of dislocations in commodity pricing relative to fundamentals — with oil now having joined metals in pricing below cost support — we believe commodities offer an extremely attractive entry point for longs in oil, gold and base,’ analysts including Jeffrey Currie said in a report.”

USAGOLD note:  Currie believes the rebound could begin as early as this week at the G-20 conference in Buenos Aires. Oil moved higher in overnight trading following last week’s declines.


Repost from 11/26/2018

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