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Commodities Briefing - Categorized | Market Moves, Research more

Commodities at ‘very delicate, overly pessimistic stage’ – Credit Suisse

Posted on 06 February 2013

The global commodities market was at a “very delicate” and “overly pessimistic” stage, Credit Suisse Commodities Research head Ric Deverell said. Deverell told the Investing In African Mining Indaba, attended by a record 7 500 delegates, that the reason why he was optimistic was a consequence of the recovery in the US coupled to the absence of negative economic news from Europe in the last nine months.
His view was that the world commodities market was set to look much like 2002. “I think the pessimists are wrong but prices won’t be off to the races,” Deverell added………………………………………..Full Article: Source


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