All the headlines last month were “investors flee commodities as the financial storm stokes fears of recession and a flight to quality,” now they are all saying “investors flock to commodities as the financial storm persists and intensifies a flight to quality.” Do people still take business reporters seriously? These guys don’t have a clue.
There was no commodities bubble, there were forced sellers. There is a ton of inflation and the only thing worth owning right now is precious metals and oil. Soon, we will be including Asian stocks and agriculture in there as well.
…That sounds familiar. Oh yeah, NOTHING HAS CHANGED.
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