SCB and Goldman Sachs – Oil again, Gold again

And as usual I think both are wrong about current long recommendations on Commodities. GS has been wrong for a good three years now, if you go by what they publish. 

Oil is not going too far from here but the downtrend in commodities may not affect it either as US is looking at coming out of a Oil demand slump as Aviation and Auto lead into H2’s few positives. 

Soya, Copper, even Nickel and for obvious reasons of idle capacity and overspend, Rio and Xstrata stocks themselves are going to be down globally much the rest of the month. 


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