Remember the LORD for it is he who gives you the ability to produce wealth and so confirms his covenant... Deut. 8:18

Wednesday, January 5, 2011

Commodities Sell Off

AUD down from 3.13 to 3.06
Gold spot price down from USD 1410 to 1365
Crude oil down to USD 89
Time to pause for a correction in commodities sector... Buying on price weakness...
(Don't worry, market won't crash at this point. Commodities index hasn't peak and has got more upside while Dollar Index must dip from 80 to below 76. When you see food prices, energy cost, hyper- inflation, streets protest and riots, then you know market collapse is imminent )
So commodity currency, commodity metal and commodity energy tumbles. But food- related commodity CPO price is holding its ground..

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