Investec's Bradley George sees imminent oil price drop-off

Investec's Bradley George said oil's current heady prices will drop off soon, believing a fall to $1...

Investec's Bradley George said oil's current heady prices will drop off soon, believing a fall to $105 or $110 a barrel is on the horizon. Meanwhile, the price of aluminium continues to rise, supply and demand ratios are favourable in platinum and there is still some upside in gold, George said. He is less bullish on base metals such as lead, nickel and tin as all these are closely linked to emerging market economies. George argued many countries have been able to reinvest the huge flows of money generated by commodity trades. "China consumes and re-exports commodities, and also use...