User 151033

Tuesday Outlook: Commodities, Emerging Markets

Dave,

It's not that government intervention can't be useful; it's that it must be the right kind. One could argue, given the crisis, for the FED to do absolutely nothing would be considered irresponsible -- certainly politically and perhaps economically. So the question, in my mind, isn't should they be doing anything at all, but rather are they doing the right thing? The aggregate infusion of cash from several central banks in coordination with the FED today should tell the tale in a month or so.

Commodity ETFs Overbought; Gold Least So

This last commentator has it right. Ironically, perhaps, in terms of technical overbought indicators, only spot gold has really been somewhat overbought.