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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 375.96-1.8%Nov 14 4:00 PM EST

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From: carranza21/5/2010 7:20:54 AM
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pragcap.com

Despite the fact that Goldman Sachs isn’t exactly the most popular bank on Wall Street these days there is no denying the fact that their trading desk is a money machine. Much of that is due to their spectacular trading in commodities. In addition to their favorite trades for 2010 (see here for the full details) Goldman also recently released their outlook for commodities in the coming year. Their outlook for a rather robust global economy is in-line with their continued bullish view of the commodity markets. Easy money and stronger than expected demand should help to keep many of the recent trends alive. Full details follow:

Oil: A slow developed markets recovery amid an emerging markets revolution
Price target: $90

Potential profit: 20%+

Natural gas: Lowering our forecast on the back of delayed production declines
Price target: $6

Potential profit: 4%

Base metals: Urbanization is broadly supportive but extraction generates
differentiation
Price targets:

Copper – $8,100 mt

Potential profit: 15%+

Precious metals: US Fed on hold leaves gold room to run
Price target:

Gold ‘10 – $1350

Potential profit: 20%+

Silver ‘10 – $20

Potential profit: 15%+

Agriculture: It’s still all about weather, but ongoing structural demand shifts in
corn should prove supportive
Price target:

Wheat – $600

Potential profit: 15%+

Corn – $475

Potential profit: 18%

Livestock: Economic recovery suggests rising meat demand amid tighter supplies
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