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Commodities Briefing - Categorized | Commentaries, Commodity Crisis more

Are commodities risk on?

Posted on 28 October 2011

As U.S. stocks extended gains Thursday with the Dow Jones industrial average surging some 300 points, commodities rallied, too, with gold rising 1.5 percent.
“We’re seeing a disconnect from the old relationship of equities down, gold up,” said Rich Ilczyscyn, senior strategist at MF Global, adding funds are allocating money to the gold trade because the precious metal didn’t break the trendline of $1,600 an ounce. “If the $1600 level holds, its relatively low-risk on the big scheme of things to start getting long.”……………………………………….Full Article: Source


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