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The Commodity Crisis Worsens; Barclays Lowers Forecasts As Bears Dig In

Posted on 12 January 2016

Blame the strong dollar. Barclays Capital has gone totally bearish on commodities and that does not bode well for commodity producer nations like Russia, and Brazil, let alone commodity producing parts of the United States like oil and gas drillers, and even some American farmers.
Recent price declines for major commodities are now greater than in any crisis of the past 30 years and speculative short selling positioning is greater than it was in the depths of the 2008-09 financial crisis, Barclays Capital analysts led by Kevin Norrish noted on Monday………………………………………..Full Article: Source


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VRS - who has written 48800 posts on Opalesque Commodities Briefing.


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