Goldman Sachs --Commodities:2008 Issues & Outlook:- Bull in a bear’s disguise  12.12  51pages

Table of contents

Executive summary ----------------------------------------------------------------------------------------------------3
Introducing top trading recommendations for 2008 -------------------------------------------------------------5
Price actions, volatilities, and forecasts ----------------------------------------------------------------------------6
Bull in a bear’s disguise --------------------------------------------------------------------------------------------7
Energy: It’s all about the back end -------------------------------------------------------------------------------12
US Natural Gas: A dislocated market, creating both near- and long-term upside opportunities -------18
Industrial Metals: In like a bear, out like a bull -------------------------------------------------------------------25
Precious Metals: Up goes the dollar, down goes gold ----------------------------------------------------------28
Agriculture: Beans in the ‘teens? ---------------------------------------------------------------------------------30
Livestock: Rising feed prices will likely limit upside --------------------------------------------------------------35
Commodities in a nutshell (A brief summary of individual commodity views) -------------------------------36
Global oil balance table ----------------------------------------------------------------------------------------------38
Global LNG balance table -------------------------------------------------------------------------------------------40
US natural gas balance table ----------------------------------------------------------------------------------------41
Global base metals balance table----------------------------------------------------------------------------------- 42
Global and US agriculture balance tables --------------------------------------------------------------------------43
S&P GSCITM total returns by commodity and financial asset total returns ---------------------------------46
Disclosures ---------------------------------------------------------------------------------------------------------------48

[此贴子已经被作者于2007-12-16 10:29:30编辑过]