06.11.2008 - Commodities in recession as speculative bubble bursts - but the purge is over
From Mineweb.com: Société Générale is the latest bank to revise its fundamental commodity forecasts in the face of deteriorating economic conditions and in the introduction to a detailed study, the bank says that the sharp correction that started in July 3rd should be interpreted as the bursting of the speculative bubble that had been fuelled by inflation and the depreciation of the US dollar. The fall has not reflected a valuation of anticipated fundamentals, but has remained dominated by purely financial considerations, and commodity prices have fallen to a much greater extent than the stock market indices over the period..... Full Article: Source
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