Goldman Says Commodity Rally Is Head Fake, Recommends Selling

Commodity rally real or no deal? Commodity markets are suffering from a case of premature firing long, the result of uncontrolled excitement. The recent surge in commodity prices is unsustainable, a Goldman Sachs commodity research piece says, as market views on reflation, realignment and re-leveraging need to happen simultaneously in concert with their partner the market, not independently. In other words, the market is getting ahead of reality, the report said. Commodity rally – Is this oil price rise a head fake similar to spring 2015? Energy needs lower prices to maintain financial stress to finish the rebalancing process, Goldman Commodity…