Hieronymus

Why Commodities Are Likely to Struggle in 2008

I admit that when I read your first point about politicians pointing to commodity exchanges and decrying market events, I pretty much stopped reading. So how is it a proof that when politicians rail against the sky that speculators must be the driving force in the markets? And that they have subsequently have decamped? If the logic where stronger it would only suffer less by being merely circular.

Next Stop: $2,000 Gold

As to the cloying comments above I would ask: where was the chaos in 05, 06 and midway of 07? This period had gold in a solid but undiscernable (to most) upturn, lacking only the chaos mentioned above. While there are plenty of wildeyed goldbugs to be found in just about any market, sometimes they are right. Commodity markets, and, concommitant with them, financial system duress and dysfunction have a long and clear market cycle. I think we are in the top of the 4th inning.