Goldman Sachs Ultra Bullish on Commodities
Commodities trade with futures, and there are two conditions futures markets can trade in. These are called backwardation and contango. Normally markets trade in contango. However, right now there are more commodities trading in backwardation than we have seen since 1997. Goldman Sachs analysts view that as extremely bullish.
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Watch this great video for more explanation on backwardation: https://youtu.be/1CxRVVGGNJU
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