Copper soared this week to an all-time high, continuing a sizzling rally that’s seen prices double in the past year.
Goldman Sachs Group Inc
Goldman Sounds the China Alarm and Cuts Metals Outlook
Goldman Sachs Group Inc. chopped back its near-term metals forecasts as China’s economy has “decelerated notably,” while balancing that outlook with a prediction mainland policy makers will respond by stoking expansion in the second half, aiding a revival in copper and aluminum.
Gold Prices Headed Higher in 2019, Say Analysts
Gold Silver Reports (GSR ) – Spot bullion hit a six-month high on Friday, topping $1,280 an ounce, as investors favored defensive assets, adding to holdings in exchange-traded funds over the month.
A Goldman Alum, a Big-Game Hunter, and $100 Billion Business
Together, this corporate odd couple has a plan to turn around the lagging fortunes of the world’s largest gold-mining company, whose shares are down 67 percent from their high in 2010.
Breaking News – Saudi Arabia to cut output by 900,000 Barrels a day in January – Neal Bhai Market Analyst
Gold Silver Reports (GSR) – Futures rose above $52 a barrel in New York. The industry-funded American Petroleum Institute was said to report U.S. crude supplies fell 10.2 million barrels last week, according to people familiar with the data. Earlier, oil settled higher on renewed optimism that announced production cuts from the OPEC+ coalition will re-balance global markets, while Libya’s biggest field remained shut, taking supply off line.
China Adds to Stimulus Drip-Feed as Markets Stumble Again
China is responding to the slump in its stock markets and the slowdown in the economy with a trickle of stimulus to stabilize, rather than rejuvenate, investor sentiment. The central bank plans to give 10 billion yuan ($1.4 billion) to China Bond Insurance Co. to provide credit support for debt sales by private enterprises
Goldman Sachs Downgrades Indian Equities from Overweight to Market-Weight
Gold Silver Reports (GSR) — While earnings have improved, Indian equities have almost doubled over the past five years and outperformed the Asian region by 60 percentage points in US dollar terms, said the investment bank in the note. “At current levels, we believe the risk reward for Indian equities is less favourable and we lower our investment view from overweight to market-weight,” they said.
Crude Oil at $100 Is a Possibility Next Coming Year, Bank of America Says
Gold Silver Reports (GSR) – Crude Oil at $100 Is a Possibility Next Coming Year, Bank of America Says – Crude Oil prices could rally to $100 a barrel next year, a level not seen since 2014, as supply risks in Venezuela and Iran strain global markets, according to Bank of America Corp.
Goldman Says Growth Is Bigger Fed-Hike Factor Than Market Thinks
Gold Silver Reports – Investors have been underestimating the importance of U.S. economic growth for Federal Reserve policy, and giving too much relative emphasis to inflation and wage data that have tended to disappoint expectations, according to Goldman Sachs Group Inc.