Haven't talked about commodites in a long time (OK, at this point I haven't really talked about anything in a long time...)
In the last month, everything is going down. Oil from 78$ to barely 60$ a barrel, gold is correcting to below 600$. Metals, crops, sugar, etc. It's all going down. Finally the end of the "commodities bubble"?
Well, for starters, there is no bubble in commodities. It has been well supported by demand from growing economies all over the world, including China and India. Oil is losing a lot of its fear premium, however. But it is getting low enough now and is due for a bounce. Gold as well! The US economic problems are still there, and still going in the same direction.
This is actually a great time to get in. The correction might last longer, so maybe late October would be better. These months are actually painful for everyone.......
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