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Economic revival boosts commodities

Posted on 04 December 2012

Throughout the fall, as Europe teetered, America’s election created political uncertainty, and global economic growth slowed, the entire commodities complex caught a cold. The DB Commodities Tracking Fund lost nearly 10% as crude oil, industrial metals, food stuffs, and precious metals all moved lower in unison.
Some of this had to do with a mark down in growth expectations and a decline in inflation expectations. A strong but short-lived pop in the U.S. dollar contributed as well. But this is all reversing now as growth reaccelerates (despite the unresolved “fiscal cliff” here at home) and the dollar weakens — setting the stage for what appears to be the start of a strong new uptrend………………………………………..Full Article: Source


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VRS - who has written 36685 posts on Opalesque Commodities Briefing.


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