Are commodities (and I mean all of them) headed up or down?
One view is that the slow global economic growth will reduce demand for all commodities. The outcome is lower commodities.
Another view is that money is cheap. Interest rates are well below inflation. Cheap money, therefore, will drive commodities higher.
A third view is that commodities will decline in the near term (say, in the next six months) because of the slow economy, but eventually will head higher because of the current low real interest rates.
More, much more on https://www.peterdag.com/.
George Dagnino, PhD
Editor, The Peter Dag Portfolio
Since 1977
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