6/16/11

Thoughts about commodities

All major commodities peaked in April-May. Gold has a different pattern but almost the same return as other commodities ytd.

The point? All commodities show the same turning points at major tops or bottoms.

Why? They are all driven by the same force -- the business cycle.

What about the weather? Nonsense. Just noise.

George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
2009 Market Timer of the Year by Timer Digest

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