Red-Hot Resources

"Luck is not chance, it’s toil; fortune’s expensive smile is earned.”

Wednesday, August 20, 2008

Commodities Glass Half Empty or Half Full?

The Wall Street Journal has a story today about the commodities pullback. They see it as a reason to stop worrying about inflation (not in so many words, but that's the gist of the story). I think it shows a set-up for the next move higher. History will show who's right. In the meantime, here's a great chart of the pullback in some leading commodities ...In other news from the Journal this morning ...

Global demand for grains is rising rapidly enough to sustain high prices. That kinda puts a crimp in their other argument about falling commodity prices, don't ya think?

Remember "Mr. Fusion" from the "Back to the Future" movies? Well, amateur "fusioneers" are working on building working nuclear fusion reactors in their garages and basements. Cue the Earth-shattering KA-BOOM! Just kidding on that last part.

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