01.10.2010 - Near-term commodities outlook no longer bullish; selective opportunities abound
From Mineweb.co.za: The latest Quarterly Commodities Review from Société Générale argues that, while the house view is that a double-dip in the United States is unlikely, the market is focusing on the possibility of a slide back into recession. Is the market unduly pessimistic about nickel? The bank notes that commodity investment inflows have been moderate during the first half of 2010, with net flows of between $4 Bn and $5 Bn per quarter; these inflows are expected to slow until the macro outlook has cleared, which should be around the middle of 2011. Thereafter, inflows should increase substantially, taking commodity prices higher, but at a moderate pace..............................................Full Article: Source
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