Mon, Dec 22, 2014
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Commentaries, Market Moves, Trends more

Is the commodity bull trying to tell you it’s tired?

Posted on 04 May 2011

Peter SchiffOn Tuesday, the S&P 500 closed lower for a second consecutive day with investors wondering if commodities were about to drag down the market in a big way. Perhaps of greatest consequence was the sharp sell-off, in silver which suffered its biggest two-day loss since 1987, after flirting with $50 an ounce just days ago.
Also, oil prices dropped with Brent Crude breaking under the 20-day moving average, a key level that had helped support prices since November. Has the commodities trade become seriously overheated?………………………………………Full Article: Source


 Article link

This post was written by:

VRS - who has written 38561 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
December 2014
S M T W T F S
« Nov    
 123456
78910111213
14151617181920
21222324252627
28293031