Its been a stellar week. Best in 35yrs in fact for CRB Commodity Index
Bernanke talking tonight.
He will again hose down inflation fears (stupidly). Will cause USD to bounce. Markets could rally. BUT commodities will fall and could see some very short term profit taking
ALL IMO OF COURSE and ALL SHORT TERM BASED. BHP top 5 company in the world"
I sold some ncm yesterday and almost topped up on the drawback until I saw your post. sure enough commodities like gold now down slightly. good info and good call. Bernanke said inflation a worry but commodities to fall over next few months. One thing I have learned is not to argue with the Yanks. They are ruthless esp in an election year. hope i am wrong and hope it is very short term.
BHP Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
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