Goldman isn’t sure how many times they’re going to have to tell you to be patient on commodities, but they do know that as long as you persist in being skeptical, they’ll persist in sending you reminders.
A couple of weeks ago, we noted that you’ll have to pry Goldman’s Overweight commodities thesis from their cold dead hands. See, “patience is working” and “reflation requires time,” so if you’ll just give it a goddamn minute, things will work out just fine.
In reiterating that view earlier this month, the bank said the following (this was Bloomberg’s bullet point summary of the note excerpted in the post linked above):
Well on Tuesday morning, Goldman is back out addressing what the bank calls some “common push-back to our bullish commodities view.” Here’s what they have to say…
Via Goldman
