Goldman Sachs analyst Eugene King penned a report this week that focused on the firm’s updated outlook for copper and copper-exposed stocks. Goldman sees both supply and demand pressures continuing to weigh on copper prices throughout 2016, and the firm reduced its price forecast for the metal.

Supply

While consensus estimates show a reduction of supply coming next year, Goldman is calling for the base copper supply to continue to grow. In fact, the firm sees about 3 Mt of supply coming online in an environment of forex weakness and cost deflation.

Demand

Goldman sees…

Click here to continue reading

Want to learn more about how to profit off the stock market? Or maybe you just want to be able to look sophisticated in front of your coworkers when they ask you what you are reading on your Kindle, and you’d prefer to tell them “Oh, I’m just reading a book about stock market analysis,” rather than the usual “Oh, I’m just looking at pics of my ex-girlfriend on Facebook.” For these reasons and more, check out my book, Beating Wall Street with Common Sense. I don’t have a degree in finance; I have a degree in neuroscience. You don’t have to predict what stocks will do if you can predict what traders will do and be one step ahead of them. I made a 400% return in the stock market over five years using only basic principles of psychology and common sense. Beating Wall Street with Common Sense is now available on Amazon, and tradingcommonsense.com is always available on your local internet!