Goldman Sachs Forecasts $11,000 a Ton for Copper

Filed under: Analyst Reports , Forecasts , Commodities First off we should distinguish between precious metals and base metals. Copper and zinc fall in the category of base metals. Base metals are used in construction and products. So copper and zinc are more a supply-and-demand play than precious metals. The prices of base metals move almost in lock-step to basic supply. Goldman Sachs Group ( GS ) has an international division that specializes in commodities. Much of the data comes from London, which is a hub for commodities trading. The London Metals Exchange (LME) is where this trading takes place. Traders like Goldman can monitor trading and inventories at the LME and run estimates of supply and demand based on trading activity, both on and off exchanges. Continue reading Goldman Sachs Forecasts $11,000 a Ton for Copper Goldman Sachs Forecasts $11,000 a Ton for Copper originally appeared on BloggingStocks on Tue, 05 Oct 2010 13:40:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Goldman Sachs Forecasts $11,000 a Ton for Copper

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