It was a challenging first half of the year for most commodities, silver lost a third of its value and gold lost a quarter of its price from the beginning of the year.Where does this leave the commodity supercycle?
Why all this interest in the long side of natural gas? Because the hedge funds realize that we are crossing that historic turning point in this market where demand growth expectations will start to outstrip production increases.
Oh sure oil had a lot of reasons to break yesterday! China’s Wen Jiabao putting their breaks on the Chinese red hot housing market, OPEC raising production to aria and of course the rising fear that the Fed is getting closer to taking the punch bowel away