8.8
“The risk/reward once again favors being long commodities,” Jeffrey Currie, head of commodities research at Goldman Sachs in London, wrote in an e-mailed report today. “Economic growth will likely be sufficient to tighten key supply-constrained markets in the second half, leading to higher prices.”
从现在开始,出于风险/回报的原因更加倾向于持有多头商品。因为下半年的经济增长足以紧缩重点的供给受限的市场,这将会导致高价格。
Via
FT.com Alphaville:
We remain structurally bullish commodities
Although we remain structurally bullish and have long argued the structural case for being long, timing does remain critical. This was evident in the recent market correction, which brought commodities down roughly 10% from their April highs.
With prices now more in line with near-term fundamentals and price targets, we believe that the risk/reward once again favours being long commodities.
Although the economy has likely shifted into a slower, but sustained, growth environment, we continue to expect that economic growth will likely be sufficient to tighten key supplyconstrained markets in 2H2011, leading to higher prices from current levels.