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Commodities Briefing - Categorized | Bullion/Gold, Commodity Crisis, Market Pulse, Price Watch more

Commodities advice: sit tight and wait it out

Posted on 01 October 2008

From The Australian: When it comes to oil, gold and base metals, probably the best advice on offer is not to do anything until we see how this turmoil plays out over the week.

Mark Pervan, head of commodity research at ANZ, said the past week or two had shown how easy it was to be wrong about prices for commodities. “The best strategy is to sit for a few days,” he said. Just how testing a time it is for analysts was illustrated yesterday when some ducked for cover and were not prepared to comment….. Full Article: Source


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