Mentatt (at) yahoo (d0t) com
Thursday, September 11, 2008
Oil and the ECB
The ECB is going to cut, and relatively soon. That is going to be a pretty tough day for commodities. It may or may not create that great buying opportunity. That remains to be seen, but if you are long going into that, it could be painful.
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4 comments:
Rogers International Commodities Index (RICI) TRAKRS all the way!!! Long, baby, long!! Full of energy (1/3rd of portfolio) and every other commodity. Probably 1-3 years of no joy, but millions after that! (I hope)
Good luck. Maybe the deflationary collapse of the giant global credit zepellin will not suck all the air out of your commodity positions.
If it did, the commodities might stabilize at a much lower level nominal value than present prices.
Greg- awaiting your take on the course of the coming weeks entertainment....
Yeah, where the heck are you ....
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