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Commodities Briefing - Categorized | Commentaries, Commodity Crisis, Market Moves more

Commodities still have downside - Barron’s

Posted on 10 November 2008

From Seekingalpha.com: In March, Barron’s warned that the commodities bull market looked toppy. In September, it warned of a “further weakening” in the “forces that caused commodities to be overbought,” which it warned “could turn into a rout.” It did.

Prices are down 53% from their July 3rd peak, which many blame on the weak global economy. Perhaps, Barron’s says, but the previous commodity bear happened amid the economic boom of the 1990s. More likely is that the burst bubble when ‘hot money’ - i.e. index funds “marketed to naive investors who were persuaded that commodities are in a permanent long-term bull trend” - put on the brakes….. Full Article: Source


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This post was written by:

VRS - who has written 37718 posts on Opalesque Commodities Briefing.


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