29.06.2011 - Commodities midway through 20 pct correction
Commodities are due to be weak over the next several months, having completed about half of an expected 20 percent correction as investors unwind positions built up during stimulus programmes, UBS said on Tuesday. "We've done about 10 percent on copper... so we reckon that we're about halfway there," global commodity analyst Julien Garran told a briefing. The 19-commodity CRB index has also shed about 10 percent since hitting a peak on May 2..............................................Full Article: Source
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