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The world's top trading firm is calling a top in commodities
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Tuesday, April 12, 2011
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From Pragmatic Capitalism:

Goldman Sachs is ringing the bell on its very successful bullish call in four big commodities – copper, crude, cotton, and platinum. The trade basket, known as their CCCP basket, was first recommended in December 2010. They cite a changing risk/reward for the change in position. Did Goldman Sachs just fire the first shots in the end of the QE2 trade?:

Risk-reward no longer favors being long CCCP

Although we believe that on a 12-month horizon the CCCP basket still has upside potential, in the near term risk-reward no longer favors being long the basket and we are recommending closing the position for...

Read full article...

More on commodities:

Jim Rogers: Don't buy gold now

Marc Faber: Sell stocks now... buy this instead

Forget gold... One of America's favorite commodities is headed to all-time highs

Topics: Goldman_Sachs | Trading_Ideas | Commodities
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