Tip of the Week: Rio Tinto is a buy as Goldmans goes long commodities

Will Roberts of Charles Stanley highlights a mega cap offering exposure to the commodities super cycle .

Six weeks after advising the world to take profits on commodities, Goldman Sachs has now decided it is time to buy again. Such is the power of the US bank its sell note led to a huge slide in commodity prices and resource stocks worldwide. However, this was clearly a short-term view and on 24 May the bank reversed its outlook. Within minutes of this news reaching the markets, metal prices and resource stocks bounced sharply. Rio Tinto If you are a believer in the commodities super cycle there are several companies in the FTSE 100 you can invest in to gain exposure to it. At the top of ...