Tuesday, September 15, 2009

Goldman Advises Buying Copper on Outlook for Economic Rebound

Goldman Sachs Group Inc. advised investors to buy copper in anticipation of a supply shortage as economies rebound.The bank suggested last week that investors buy copper for delivery in December of next year, according to a report dated yesterday. Goldman Sachs continued to recommend purchasing crude oil and maintaining an “overweight” allocation to raw materials.

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=apTQ10SMIkpU

Copper Rising at Goldman Isn’t Traditional Rebound
Copper, this year’s best commodity investment, may be poised for gains of another 22 percent through 2010 as the global economy recovers and mine output lags behind demand.

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aOK1SOpOcjIM

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