22.08.2013 - Commodity prices are about to explode
In June, I posted an article on MarketWatch entitled “Are commodity prices about to explode?” The question mark was there because a lot of ingredients were in place for a major rally, but I also pointed out that we really needed confirmation from some of the key averages. Now I am going to remove the question mark, because two months later, a substantial number of indicators are crying "commodity bull market". Take a pinch of salt with the explode part of the headline because there are no known techniques for consistently forecasting the character of a forthcoming price move. I am not ruling it out, merely forecasting that in one way or another prices are likely to be substantially higher by year-end...............................................Full Article: Source
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