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This is Goldman Sachs' best bet in commodities right now

While investors have been paying close attention to the gold and oil trade, the best bet right now in the commodity space is selling copper, the head of commodities research at Goldman Sachs said Thursday.

That's because there is a lot of supply coming on, Jeff Currie told CNBC's "Power Lunch."

"We like the idea of the revenge of the low-cost player, meaning Peru. Weakness in demand in China — it's not in the sweet spot," he said. "Put it all together, this market's already in a surplus. Prices at $5,000 a ton — target $4,000."