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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


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VRS - who has written 37629 posts on Opalesque Commodities Briefing.


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