Commentary: Pendulum is about to swing back to commodities
By Michael Kahn
Last update: 12:01 a.m. EDT Oct. 1, 2008
NEW YORK (MarketWatch) -- Last month, I wrote about the energy sector and that being a contrarian looked to be a good play. Well, I was a about a week early and as every chart watcher knows, timing is everything. But after the drawdown, the outlook is a lot better now.
The tumbling dollar last month and the mammoth short squeeze in the oil market as the front futures contract was expiring bring the revival of energy and all commodities back to the fore. That the financial crisis became Main Street news only fans the flames of a hard asset revival.
Full Article
--------------------
Buy Precious Metals
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment