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http://www.bloomberg.com/apps/news?pid=20601086&sid=aoK689tiqD8M&refer=latin_america

Commodities Slump Will Be `Short-Lived,' Goldman Sachs Says

By Claudia Carpenter

Aug. 17 (Bloomberg) -- The biggest slump in commodities in more than 50 years will be ``short-lived'' as global economic growth will soften any slowdown in U.S. demand, Goldman Sachs Group Inc. said.

The plunge in energy, metals and agriculture prices yesterday represents ``buying opportunities'' in crude oil, copper and corn, Goldman analysts led by London-based James Gutman said in an e-mailed report yesterday. ``We continue to believe that fund-driven pullbacks will be short-lived.''

The Reuters/Jefferies CRB Commodity Price Index fell 10.61, or 3.4 percent, to 301.27 yesterday, the biggest percentage drop since at least September 1956. All 19 commodities tracked by the index declined. Copper, crude oil and coffee rose today.