Commodities set for significant gains in 2010
Commodities like oil and gold could be poised for a strong 2010.
- John March
With the new year underway, investors everywhere are eyeing their portfolios and overall economic conditions for signs of opportunity that offer the best potential.
With that in mind, a report on the India Times’ Economic Times website gives silver and gold dealers, as well as commodity traders in general, a reason for optimism about the coming year.
The article cites statistics predicting that commodities such as gold and palladium could rise as much as 17 percent in the coming year, with one estimate from Goldman Sachs reportedly predicting a 17.5 percent average gain across 24 different commodities that could outpace expected gains in the Standard and Poor’s 500 Index.
“Demand is growing on a global basis. Commodities are a great place to be to gain exposure to the growth that’s coming out of emerging markets,” the article quoted Peter Sorrentino of Huntington Asset Advisors as saying.
One reason that investors will pay attention to commodities in the coming months is concern about whether stock markets have risen too quickly in recent months and whether the economy is finally poised for a significant and brisk recovery.
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