19.05.2011 - Oil, gold to help commodities ride out headwinds, JPMorgan says
Commodities will overcome a setback to extend their rebound from the record plunge in 2008 as an advance in oil and gold helps to compensate for a retreat in base metal prices, according to JPMorgan Chase & Co. "In the short-term, the macro landscape seems to have taken a turn in recent weeks," Ray Eyles, chief executive officer of the bank's commodities business in Asia, said in an interview. "Ultimately the long-term fundamental supply and demand of commodities is still pointing to higher prices.".............................................Full Article: Source
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