Profit Taking in Commodities
No sooner do I fire off a Red-Hot Commodity ETFs issue talking about how commodities are soaring than the darned market turns around as jittery traders book gains.
Damn it! I hate it when my issues are out-of-date after five minutes!
Well, at least gold is holding up well. And that, I think, is one piece of evidence that what we're seeing is just profit-taking in energy and grains.
UPDATE: Now commodities have reversed AGAIN and are higher! Holy smokes!
Damn it! I hate it when my issues are out-of-date after five minutes!
Well, at least gold is holding up well. And that, I think, is one piece of evidence that what we're seeing is just profit-taking in energy and grains.UPDATE: Now commodities have reversed AGAIN and are higher! Holy smokes!
Labels: gold
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posted by Sean Brodrick @ 11:55 AM
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