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Three reasons commodities look horrible: Roubini strategist

Posted on 04 July 2013

It’s been one of the worst investments of 2013—and this Roubini strategist thinks it will get even worse. Gold, copper and grain prices have dropped precipitously this year. In fact, JPMorgan’s commodity team recently used that as a reason to get bullish on the space.
“In a number of commodities, prices have fallen far enough for long enough to force involuntary cuts in production and to spur fresh demand,” JPMorgan’s note read. In fact, JPMorgan said that “Sentiment is universally bearish,” creating some real opportunities………………………………………..Full Article: Source


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