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4 Dividend Stocks Could Benefit From Goldman Sachs' Upbeat Call On Commodities
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Published Thu, 21 Jun 2012 11:36:48 -0400 on Seeking Alpha
Goldman Sachs (GS) recently released a report in which it projected that commodity markets were likely to see a robust performance within the next 12 months. The investment bank sees a 29% return from the S&P GSCI Enhanced Commodity Index within the coming year. In the bank's view, the rally will be driven by a 41% gain in energy investments, followed by a 23% rise in industrial metals. The company also projected an 18% increase for precious metals. "Although the macroeconomic backdrop still remains uncertain, particularly in Europe, we believe that the selloff in commodity prices is likely overdone and the price risks are shifting more to the upside," was a conclusion of the noted report. Its upbeat forecast is based on the assumption that the euro-area debt crisis will be contained, while the economic recovery in the U.S. and China will advance in the coming year. Moreover, copper inventory... Read more


