Goldman Sachs Says Iron Ore Rally Presents ‘Window to Go Short’

Iron ore’s rally from a decade-low offers investors an opportunity to bet against the commodity as prices will resume their decline amid weak demand and rising supplies, according to Goldman Sachs Group Inc.

“Market fundamentals will reassert themselves sooner rather than later,” analysts Christian Lelong and Amber Cai wrote in a report on Monday, maintaining their forecast for prices to average $52 a metric ton this year. “Investors may consider this as a window to take short positions.”