{"id":88265,"date":"2009-12-18T05:59:00","date_gmt":"2009-12-18T10:59:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/goldman-oil-going-to-90-gold-to-1350-2009-12"},"modified":"2009-12-18T05:59:00","modified_gmt":"2009-12-18T10:59:00","slug":"goldman-oil-going-to-90-gold-to-1350","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/88265","title":{"rendered":"Goldman: Oil Going To $90, Gold To $1350"},"content":{"rendered":"<p><em>(This guest post originally appared at the <a href=\"http:\/\/pragcap.com\/\">author&#8217;s blog<\/a>)<\/em><\/p>\n<p>Despite the fact that Goldman Sachs isn&rsquo;t exactly the most popular bank on Wall Street these days there is no denying the fact that their trading desk is a money machine.&nbsp; Much of that is due to their spectacular trading in commodities.&nbsp; In addition to their favorite trades for 2010 (<a href=\"http:\/\/pragcap.com\/goldmans-top-trades-for-2010\" >see here for the full details<\/a>) Goldman also recently released their outlook for commodities in the coming year.&nbsp; Their outlook for a rather robust global economy is in-line with their continued bullish view of the commodity markets.&nbsp; Easy money and stronger than expected demand should help to keep many of the recent trends alive.&nbsp; Full details follow:<\/p>\n<ul>\n<li><strong>Oil<\/strong>: A slow developed markets recovery amid an emerging markets revolution<\/li>\n<\/ul>\n<blockquote>\n<p><strong>Price target: $90<\/strong><\/p>\n<p><strong>Potential profit: 20%+<\/strong><\/p>\n<\/blockquote>\n<ul>\n<li><strong>Natural gas<\/strong>: Lowering our forecast on the back of delayed production declines<\/li>\n<\/ul>\n<blockquote>\n<p><strong>Price target: $6<\/strong><\/p>\n<p><strong>Potential profit: 4%<br \/> <\/strong><\/p>\n<\/blockquote>\n<ul>\n<li><strong>Base metals<\/strong>: Urbanization is broadly supportive but extraction generates<br \/> differentiation<\/li>\n<\/ul>\n<blockquote>\n<p><strong>Price targets: <\/strong><\/p>\n<p><strong>Copper &ndash; $8,100 mt<\/strong><\/p>\n<p><strong>Potential profit: 15%+<br \/> <\/strong><\/p>\n<\/blockquote>\n<ul>\n<li><strong>Precious metals<\/strong>: US Fed on hold leaves gold room to run<\/li>\n<\/ul>\n<blockquote>\n<p><strong>Price target: <\/strong><\/p>\n<p><strong>Gold &lsquo;10 &ndash; $1350<\/strong><\/p>\n<p><strong>Potential profit: 20%+<\/strong><\/p>\n<p><strong>Silver &lsquo;10 &ndash; $20<\/strong><\/p>\n<p><strong>Potential profit: 15%+<br \/> <\/strong><\/p>\n<p><strong><br \/> <\/strong><\/p>\n<\/blockquote>\n<ul>\n<li><strong>Agriculture<\/strong>: It&rsquo;s still all about weather, but ongoing structural demand shifts in<br \/> corn should prove supportive<\/li>\n<\/ul>\n<blockquote>\n<p><strong>Price target:<br \/> <\/strong><\/p>\n<p><strong>Wheat &ndash; $600<\/strong><\/p>\n<p><strong>Potential profit: 15%+<\/strong><\/p>\n<p><strong>Corn &ndash; $475<\/strong><\/p>\n<p><strong>Potential profit: 18%<\/strong><\/p>\n<\/blockquote>\n<ul>\n<li><strong>Livestock<\/strong>: Economic recovery suggests rising meat demand amid tighter supplies<\/li>\n<\/ul>\n<p>Pretty bullish.<\/p>\n<p><a href=\"http:\/\/pragcap.com\/\"><strong>Read more market analysis at The Pragmatic Capitalist &#8211;&gt;<\/strong><\/a><\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/goldman-oil-going-to-90-gold-to-1350-2009-12#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/slips-to-near-72-as-traders-eye-crude-demand-2009-12\">Oil Prices Falling Again<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/see-ya-gold-drops-below-1100-2009-12\">ROUBINI VINDICATED! GOLD DROPS BELOW $1100<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/natural-gas-spikes-thanks-to-record-supply-drop-2009-12\">Natural Gas Spikes Thanks To Record Supply Drop<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/EsX5i-_jfIQ\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(This guest post originally appared at the author&#8217;s blog) Despite the fact that Goldman Sachs isn&rsquo;t exactly the most popular bank on Wall Street these days there is no denying the fact that their trading desk is a money machine.&nbsp; Much of that is due to their spectacular trading in commodities.&nbsp; In addition to their [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-88265","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/88265","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=88265"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/88265\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=88265"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=88265"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=88265"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}