16.03.2015 - Global scenario muddies commodities outlook
Commodities present a spectre of confusion; seen from ­Europe, the picture becomes even harder to read. For every good indicator, there’s a contrarian possibility. With Europe, this comes in spades. This edition of Pure Speculation comes from Paris. From here the problems that loom so large in Australia — the iron ore and coal bleakness, the juniors running out of money — somewhat recede in the face of an emerging global scenario that hints at serious portents for commodity prices. Sitting here at the centre of the storm, the desperate situation in which Europe finds itself becomes all the more worrying than they appear from Sydney or Perth. Over the weekend, the media here was celebrating the fact that Ireland, after all its economic troubles, was showing a real spurt of growth. But that’s about it with the good news...............................................Full Article: Source
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