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Commodities Briefing - Categorized | Price Watch, Trends more

Are commodity prices about to explode?

Posted on 19 June 2013

Prices in financial markets are determined by psychology, by what people think stocks, bonds and commodities are worth rather than what they actually are worth. Recent sentiment readings for some key commodities, such as copper, gold, sugar, wheat, cattle, etc., were at extreme levels of negativity. From a contrarian aspect of course, that’s very bullish.
We see a similar pattern in many, but not all commodities in respect to commitment of traders, where knowledgeable commercials are comfortably long. On the other hand, speculators, who as a group usually guess incorrectly at turning points, are taking the other side of the trade with bearish bets………………………………………..Full Article: Source


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This post was written by:

VRS - who has written 38144 posts on Opalesque Commodities Briefing.


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