06.05.2013 - The oil and gold booms are over
The wreckage caused by China’s great, juddering slowdown continues to spread far beyond the country’s shores. Although most commodities enjoyed a bounce on May 3, after better-than-expected U.S. employment data, the plunge in their prices over the past few months suggests the past decade’s rally is truly broken. For those of us not in the mining industry, this is actually good news -- one of the best signs yet that the global economy is returning to normal. China’s voracious demand for every conceivable raw material -- oil, steel, soybeans, gold, to name a few -- once seemed to spell a future of endlessly rising commodity prices and falling living standards in developed nations...............................................Full Article: Source
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