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Commodities Briefing - Categorized | Commodity Crisis, Market Moves more

Commodities juggernaut moves into reverse gear

Posted on 01 October 2008

From Guardian: Commodity prices already crushed by financial paralysis and recession fears are expected to lurch lower as investors lose confidence in a sector which only a few months ago promised so much.

The one major exception is gold. Over the past few days investors looking for a place to park assets, away from chaos shrouding financial markets, have flocked to age-old safe haven. The latest trigger for losses is the shock rejection by U.S. lawmakers of a $700 billion rescue package for financial firms. The plan - aiming to help rid banks of the toxic debt on their books — was expected to kick-start activity in money markets, which oil the wheels of economic activity….. Full Article: Source


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VRS - who has written 36171 posts on Opalesque Commodities Briefing.


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