mike br wrote "...there are NO fundamental supporting the price of oil, gold or any of the other racing commodities,"
Are you serious, have you seen the growth in China, there are cities the size of Sydney being built as we speak all around China, homes require power which requires cabling ie. copper. Just wait till India starts going, that should be enough for continued growth and support of the current commofity pricing.
People in these countries all want what the western world has, fancy homes, cars, phones, plasma tv's etc etc. so I think that should support all commodities!
As for GOLD, well maybe it just might form some part of a universal currency, if not people will still see it as a safe haven and it will attract investment dollars.
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