Goldman Sachs predicts commodities will soar in 2019

Commodity bull Goldman Sachs Group Inc. is undaunted by the selloff in raw materials and is forecasting returns of about 17 percent in the coming months, describing the current situation as unsustainable and touting this week’s G-20 meeting in Buenos Aires as a potential turning point.

“Given the size of dislocations in commodity pricing relative to fundamentals -- with oil now having joined metals in pricing below cost support -- we believe commodities offer an extremely attractive entry point for longs in oil, gold and base,” analysts including Jeffrey Currie said in a report.

The note listed its top 10 trade ideas for 2019, including a rebound in Brent as OPEC cuts supply.