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Middle East crisis boosts Goldman commodity call

Goldman Sachs' basket trade for the year has returned 12.6% already, with commodities such as oil and cotton spiking as Egyptian crisis grows

We are only in the early part of the year, but so far Goldman Sachs has come up trumps with its key commodity trade recommendation. With uncanny foresight, the firm's research team highlighted a proposed trade based on commodities with supply constraints, including oil and cotton, which have both been pushed to fresh highs by the crisis in Egypt.

One of Goldman Sachs' key calls for the year, a long position on so called "CCCP" (crude oil, copper, cotton/soybeans and platinum) commodities has outperformed since the commodity research team first recommended it at the start of December, returning 12.64% for investors who laid the trade on less than two months ago.

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