The Commodity Boom?
23 June 2008Here's a clip on the recent strength of commodities, made in March. Notable points on:
- parabolic moves in commodity trends, usually prior to bursting
- not all commodities are equal, some are doing better, some are really doing worse
- the media covering all the "all-time highs" in commodities.
Interesting note is that the clip was done just as Gold was hitting $1000 and the analysis had an early warning of an impending decline (although not confirmed as of the the video's date)–which of course happened shortly after.
Philippine Peso is special mention–to illustrate that the boom in commodities has been largely against the US Dollar, as other currencies have also appreciated against the Dollar. So it's largely a dollar weakness fueling the commodity boom.
Related Posts You May Wanna Read Too
No comments yet.