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Commodities Briefing - Categorized | Market Pulse, Price Watch more

Are commodity prices about to explode?

Posted on 20 June 2013

Prices in financial markets are determined by psychology, by what people think stocks, bonds and commodities are worth rather than what they are actually worth. Recent sentiment readings for some key commodities such as copper, gold, sugar , wheat and cattle, etc. were/are 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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VRS - who has written 36151 posts on Opalesque Commodities Briefing.


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