Expect a battleground in the low $1460s after yesterday morning's panicked Freddie Krueger like spooking of the commodity patch. My good source (reader LC) reveals the jolly good fellows at GS advised clients in their commodity funds that the run was over in oil, cu, etc. I wish I could fade the market so rakishly. The more important question is, are they right? Yes, I suppose if you're into instant gratification and no if you recognize and participate with an increasingly larger coterie of net buyers of productive resources within growth-driven emerging and frontier countries and regions using tidal waves of USD liquidity. So, we'll take an 'O' for risk _n.
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