time to pool the kitty, page-11

I watched an interview on Bloomberg or similar probably three weeks back now when the crisis was the top story, and they spoke with an Aussie in London who was a commodities broker, actually dealt in commodities rather than stocks, and was associated with one of the top world brokers. He said that his firm had been selling out of all positions in all commodities since Xmas 2007 and three weeks ago, they held 100% cash and zero% commodities. This reinforces what you have stated and explains to alarge degree the demise of resource stocks. It will be interesting times when the commodity brokers sense the tide has turned and reenter the markets.