San Diego Housing Market News and Analysis
commodities will weaken
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Submitted by powayseller on August 29, 2006 - 5:36pm
I've been saying for a while now that commodities prices will go down as we enter the recession. Gold is a different story.
I'm allowing myself 30 min. per day on piggington, since I just can't stay away. my time is just about up.
Anyway, I found this on Barry Ritholtz' site:
"One possible interpretation of that is the commodities market is anticipating cooling demand -- from the decrease in New Home construction, the slowing of the broader US economy, even a lessening of US purchases of goods made in China.
This is a chart worth watching over the short term as it could be the canary in the coal mine . . ."
The image uploader did not allow me to upload a .jpg file, so sorry, you'll have to follow the link above to see the chart.
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