| From cattlenetwork.com: The outlook for gold and grain prices for the remainder of 2008 looks bullish, while energy is expected to fare less favorably due to bearish fundamentals, analysts said.
Grain prices are likely to climb higher on robust demand while gold is set to trend upward on high crude oil prices and a historically weak dollar, analysts said at the Dow Jones Indexes-AIG mid-year commodities outlook panel discussion sponsored by CME Group Inc.
"We still don't have high enough prices to end the commodity boom," said David Hightower, president and founder of The Hightower Report and the grains panelist at the event. "High prices have not injured demand." Still, crude oil prices will drop on significant demand destruction, said panelist Phil Flynn, vice president and senior market analyst at Alaron Trading Corp. in Chicago.Full Article Source |