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14:54
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Originally posted by ResourceEagle:
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Trading Economics Macro Model is basically an aggregation of economist and analyst expectations, and the model is lagging. You'll see Goldman Sachs back flipped on their earlier year forecast, with all the other economists and analysts following suit as copper went down to $4. That was before the China stimulus button was pressed. Now we're back at $4.60 It won't be long before Goldman Sachs backflips again and economist expectations catchup. Regardless Goldman Sachs is still bullish copper, to hold above $10K.
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Ok, I'm much happier with the higher Price Cu outlook it's what I'm set for. Resource Eagle .
(20min delay)