best commodity to buy in 2011

best commodity to buy in 2011 ; Precious metals will advance 28 percent over 12 months and livestock 4 percent, London-based Jeffrey Currie, Allison Nathan and other Goldman analysts said in a report today. The team raised its 12-month forecast for the S&P GSCI Enhanced Total Return Index to 18 percent from 16 percent, mostly because of changes to agricultural estimates.

Predicts Best Commodity Returns for 2011 in Precious Metals
Higher commodity prices will be needed to slow U.S. consumption, “to make room for further Chinese demand,” Goldman said. The raw materials most affected will be those with the tightest supply, including crude oil, copper, cotton, soybeans and platinum, the analysts said. The S&P GSCI Enhanced Total Return Index gained 7 percent this year.Read More...

COMMODITIES-China price policy hits copper, grains; helps gold
China's efforts to curb inflation undermined copper and grains prices on Friday, and Mideast unrest sent gold up and silver to 31-year tops, while a tug-of-war for control of Ivory Coast's banks sent cocoa to a 14-month peak. Read More...

As G20 Leaders Set Deal, Geithner Criticizes China
Mr. Geithner said that even though China had allowed its currency, the renminbi, to appreciate against the dollar since last summer, it had not been enough. As such, the United States and its European partners say, China still retains an unfair edge in trade that is driving the world’s economies to operate at two speeds. Read More... For the latest updates PRESS CTR + D or visit Stock Market news Today

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