Tue, Sep 23, 2014
A A A
Welcome kbr175@gmail.com
RSS

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

Druckenmiller says long commodities rally ending on China

Posted on 09 May 2013

Stanley Druckenmiller, the billionaire hedge-fund manager who returned an average of 30 percent a year from 1986 through 2010, said the long rally by commodities is over as China switches to consumption-led growth rather than investing in infrastructure.
“We think a decade of commodity demand is over,” he said today at the Ira Sohn Investment Conference in New York. “It’s a poisonous cocktail when you look at commodities going forward.” Druckenmiller, who said in August 2010 that he was returning cash to his clients and would focus on his own investments, is betting against the Australian dollar, which he said will “come down and come down hard.”……………………………………….Full Article: Source


 Article link

This post was written by:

VRS - who has written 37037 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
September 2014
S M T W T F S
« Aug    
 123456
78910111213
14151617181920
21222324252627
282930