A tale of two GSCI’s… EIA – Commodity Research Group

September 10, 2020 by Jim Colburn Leave a Comment

From the EIA’s excellent, underrated, monthly Short Term Energy Outlook, here is a look at the Goldman Sachs Commodity Index for energy and non energy through September 3rd… The EIA writes, “The S&P 500 index, for example, is up 6% year-to-date through September 3 after having declined, at one point, by 31% in March. In addition, the S&P Goldman Sachs (GSCI) nonenergy commodity price index has recovered nearly all losses from the first and second quarters of 2020, down 5% through September 3, whereas the GSCI energy commodity index remains down 52% (Figure 3).”

Commodity Research Group (CRG), founded by veteran analyst Edward Meir, is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct commodity hedging strategies.

Our associates bring decades of experience to the table, as they seek to help our clients understand the markets. CRG will distill the myriad of pricing variables mentioned above into coherent research that is to-the-point and tailored to a clients hedging or pricing needs. In addition, CRG is available for consulting assignments and speaking engagements. CRG does not manage money or trade for itself.

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