Goldman sees 'Explosive' Commodity Rallies, $175 Oil!: Bloomberg, page 1
Pages:
ATS Members have flagged this thread 2 times
Topic started on 14-3-2008 @ 03:31 PM by DimensionalDetective

Goldman sees 'Explosive' Commodity Rallies, $175 Oil!: Bloomberg


www.bloomberg.com
March 14 (Bloomberg) -- Commodities may have ``explosive rallies'' in the next couple of years, with crude oil rising to $175 a barrel, according to Goldman Sachs Group Inc.

Political decisions on money flows, labor and technology are ``substantially constraining supply growth'' of commodities, Goldman analysts including Jeffrey Currie in London wrote in a report today. ``This will likely support the ongoing structural bull market in commodities until these policy-driven investment constraints are removed and/or demand is adjusted.''

Commodities are in their seventh year of gains as underinvestment in refineries, mines and land sent prices for oil, gold, platinum and wheat to records. More natural resources are controlled by political entities than at any time since the 17th century, according to the Goldman report.

(visit the link for the full news article)


reply posted on 14-3-2008 @ 03:37 PM by chromatico
reply to post by DimensionalDetective


I don't know...it depends...will wages go up?

Pages:     ^^TOP^^



USDA Forces Whole Foods To Accept Monsanto
  Posted 10 days ago with 99 member flags
Greece wipes out Citizens Debt!! Tells Bankers to suck it
  Posted 11 days ago with 78 member flags
The Collapse of The American Dream Explained in Animation
  Posted 18 days ago with 53 member flags
Obama on the verge of a deal with the banks
  Posted 16 days ago with 23 member flags
EU financial dictatorship agreed to by EU ministers last night
  Posted 18 days ago with 17 member flags
Bankers requesting that Greece become their debt slaves
  Posted 14 days ago with 15 member flags