Goldman Sachs commodity analyst Jeff Currie to retire

<p>Goldman Sachs head of commodities research Jeff Currie announced his retirement today.</p><p>The 56-year-old is probably the most well-known commodities forecaster. He rose to fame with his commodities supercycle call in 2004 and dusted off that playbook again in 2021.</p><p>Most recently, Goldman revised its global oil demand forecast for the year higher based on a less pessimistic growth outlook and maintained its 12-month Brent price projection of $93/bbl.</p><p>Currie was also a co-author of the widely-seen research <a href="https://www.goldmansachs.com/intelligence/pages/gs-research/copper-is-the-new-oil/report.pdf" target="_blank" rel="nofollow">note </a>saying 'copper is the new oil' in 2021.</p><p>"Moving the global economy toward
net zero emissions remains a core driver of the structural bull market in
commodities demand, in which green metals – copper in particular – are critical," the note said.</p><p>Currie was largely a bull but wasn't afraid to step outside the consensus and predict large swings. His latest calls have been bullish, forecasting outsized demand for raw materials for years to come.</p><p>I hope he resurfaces in some fashion.</p><p>Here's a video from last week:</p>

This article was written by Adam Button at www.forexlive.com.