Wednesday, September 15, 2010
Commodity Bubbles
The commodities are back in style. I can't say that I know the fundamentals of each commodity, but I don't think we will be running out of coffee or sugar anytime soon. They are trading as if there is a supply shortage. The grains are going parabolic. The fundamentals can't all be so similar. I suspect this is the work of trend following funds going long.
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2 comments:
Time to go short for drop to 1105 or 1090? I do expect that we recover and go to 1140-ish thereafter (like mid to late next week). What do you think owl?
You are thinking the same way as I am. But I want to wait till tomorrow to see where we trade in premarket before putting on shorts.
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