Copper is sinking. DBC (commodity index) is very weak. DBA (agriculturals) is tanking. Gold is very weak (as our models were expecting). Oil is below the peak of April of last year.
What does it mean? It means demand for commodities is low. Why? Because the economy is not strong enough.
If the economy were strengthening commodities would be soaring. In my next issues I will discuss some important indicators that will shed some light on the strength of the economy.
Why do we care? Because your investments in a weak economy are much different from those in a stronger economy.
More details? Take advantage of a 2-MONTH FREE SUBCRIPTION to The Peter Dag Portfolio - 8 issues. Just send us an email to info@peterdag.com with your name requesting your free subscription. You will receive by email your user id and password to access our service at www.peterdag.com. NEW SUBSCRIBERS PLEASE.
George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
2009 Market Timer of the Year by Timer Digest
To find out more about my in depth views of the markets and my strategy just visit our website https://www.peterdag.com/ where you can subscribe to The Peter Dag Portfolio. You can also call me at 1-800-833-2782 to discuss your specific investment portfolio.
Disclaimer.The content on this site is provided as general information only and should not be taken as investment advice nor is it a recommendation to buy or sell any financial instrument. Actions you undertake as a consequence of any analysis, opinion or advertisement on this site are your sole responsibility.
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