Equities are not the only game in town!
Whilst the rally in the equity market has proved more powerful than most of us expected, we should not overlook what is happening in the Commodities market.
A couple of years back, many analysts were talking about a "global super-cycle" in commodities, fueled by rising demand from the developing countries pushing up against a relatively limited supply picture (as is certainly the case in many industrial metals).
The global downturn knocked the wind out of that argument, and 2008 saw sharp retracements with commodities such as Nickel dropping from $50,000 a ton back down to $10,000.
So was the "global super-cycle" argument false? We suspect not. Whilst the rate of global growth may have slowed, there is still plenty of demand out there for raw materials. This is not likely to change and the recent talk in the media of another El Nino has boosted the price for agricultural commodities, many of which are down towards their lows.
Investors Intelligence covers the commodity markets with our
Daily Commodities Hotline, focusing on the major contracts in London, New York and Chicago.
In todays Daily Commodities Hotline we highlight the Golden Cross seen in the CRB (Commodities Research Bureau) Index - this event has only happened 4 times in the last ten years - three of the moves leading MAJOR bull runs ( note; there was a brief false signal in 2007, but the majority of these signals have proved to be very significant trend running opportunities).
If you are interested in following these exciting markets ( which are nowadays much easier to deal in thanks to the growth of ETfs and ETCs), you can subscribe to our daily commodities report for just $199 a year or $20 a month. Great Value! You can sign up online if you are an existing subscriber by going to the "my account" function. You will find the link to this on the top right hand corner of the website.
Alternatively, give Grace Ann a call on (914) 632 0422. She will be happy to process your subscription for you on the phone.
