Commodities Will Return 15% in 3 Months, 27% in 12 Months - Goldman
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Analysts at Goldman Sachs think commodity prices will return 15 percent over the next 3 months and 27 percent in 12 months. Today's report was put out by analyst Anders Nielsen and Peter Oppenheimner. They believe commodity prices are simply too low compared to the fundamentals.
SPDR Gold Trust ETF (NYSE: GLD) is trading slightly higher pre-market on Thursday, ahead of Senate testimony from the Fed Chairman. United States Oil Fund LP ETF (NYSE: USO) is also higher, gaining 0.66 percent. Powershares DB Base Metals Fund ETF (NYSE: DBB) is expected to open higher, as commodity futures prices post slight gains.
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SPDR Gold Trust ETF (NYSE: GLD) is trading slightly higher pre-market on Thursday, ahead of Senate testimony from the Fed Chairman. United States Oil Fund LP ETF (NYSE: USO) is also higher, gaining 0.66 percent. Powershares DB Base Metals Fund ETF (NYSE: DBB) is expected to open higher, as commodity futures prices post slight gains.
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