07.05.2013 - Commodities: Be bullish, you're not buying at the peak
Gold has cratered into bear market territory. Ditto for silver and copper. Aluminum is in a big downtrend too, along with its metallic cousin nickel. The price of oil has been moving sideways and agricultural commodities are well off last year’s drought-induced highs. Glance at a list of commodities, and just about everything other than natural gas has been doing nothing or heading south. Sure, there are occasional counter trend rallies, like Friday’s nice move upward for oil and copper on the back of stronger-than-expected U.S. payroll figures, but the overarching trend doesn’t look good...............................................Full Article: Source
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