I want to be long and am mostly ...butYou cannot ignore what the masters of the universe keep plastering over the msm , so negative are they about commodities going forward for years . Lets face it - they were correct on the oil plunge both in its length of time and price depth , so ignore them at your own peril . However, that being said they may just be talking their book ,looking to cover ,etc. Had you traded with this on feb . 19 you would have missed a huge rally - https://www.reuters.com/article/us-research-metals-goldman-idUSKCN0VI0D2
What scares me most is the fact these creeps in conjunction with the syndicate of global banker mafia can make whatever prediction they so choose actually happen despite contrary supply/demand fundamentals . Despite all of this I am hopeful of a copper recovery to $3 , oil $60 . The lack of demand argument that goldman bases its projections on just do not sqaure with reality . Look at Japan and Korea copper usage per capita it is currently twice the levels of China and ten times that of India . You cannot expect me to believe China will not slowly climb higher or that India will not surge multiples higher in usage . That would seem to be common sense when you look at the plans in both countries for the next five years . This does not even consider the huge amount of power generation being installed across Africa . You really dont need a large amount of new home construction to maintain or grow usage levels in China,India,Africa . It is worth noting that once India passes the new land aquisition laws the demand for new homes will be astronomical .
So the whole Goldman negativity on commodities is perplexing to me yet scares me as they have the power to move markets in conjunction with mass media and other global banks . Please feel free to argue for and provide data in support of Goldmans outlook . Part of me thinks the last media blitz by goldman to bash commodities was the final attempt to shake out the weak shares . I have examined every detail of each company I own shares in and am just trying to get a handle on the macro picture as that will decide where we go next ...Goldman predicting a drop from here for copper of 20% .