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Commodity prices are about to explode

Posted on 22 August 2013

In June, I posted an article on MarketWatch entitled “Are commodity prices about to explode?” The question mark was there because a lot of ingredients were in place for a major rally, but I also pointed out that we really needed confirmation from some of the key averages.
Now I am going to remove the question mark, because two months later, a substantial number of indicators are crying “commodity bull market”. Take a pinch of salt with the explode part of the headline because there are no known techniques for consistently forecasting the character of a forthcoming price move. I am not ruling it out, merely forecasting that in one way or another prices are likely to be substantially higher by year-end………………………………………..Full Article: Source


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This post was written by:

VRS - who has written 39856 posts on Opalesque Commodities Briefing.


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