Goldman on raw materials:
Near term, we believe the sell-off in base metals provides a
buying opportunity; we are opening a long Dec-2010 copper
trade and closing our long Dec-2010/short Dec-2011 copper
timespread trade. In the longer term, resource taxation
reform could lend support to prices.
true idea about, that tax increases will support prices,
even if it seems logical, but it scares a lot.
usually, such arguments, this is a la Big Mac from Stelmakh.
By the way, about Stelmakh)
and you are still bulish on the hryvnia? and if the raw material is not buy, and buy-buy?)
