A brief excerpt of the summary provided by GreenLightAdvisor.com:
The facts are, during this period in time the only thing to have its fundamentals unimpaired is commodities.
- Farmers can’t even get loans for fertilizer now.
- The supply of things is going to be in even worse shape coming out of this.
- The IEA recently came out with a study showing that the worlds reserves of oil are declining at the rate of 7% per year.
- you can do the arithmetic, the supply of everything is going down; oil and everything else;
- we’re going to have serious supply problems before too much longer.
3 comments:
Agricultural commodities present an interesting picture, but oil inventories and continually waning demand make me nervous to go long that commodity. I've been burnt a few times this year doing so; yet there's something alluring about oil in the low 40s.
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CapitalStars
Oil rates dipped on this Friday in muted movement because of the Unites State Thanksgiving holiday, while OPEC traders expect an extension to a deal to throttle oil production, but no deeper cuts to be agreed by the group creator and its allies after that week. Free MCX Tips
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