RossQ

Potash Corp: Dynamics of Supply and Demand Drive Earnings Growth

Great Article, must have done a lot of work on it but in the near term it doesnt matter, IMHO, Lower oil prices = lower demand for oil. Lower demand = lower consumer ability to pay high prices = global slowdown = less demand for commodities = this sharp selloff. PERIOD.

When the hedge funds decide to change this thesis

things will change, who knows when that will happen, my guess end of August, why thats when Nat Gas usually rallies, I know that makes no sense.

But, look at the charts, UNG fell off a cliff and everything followed COAL, Metals, Ag, Oil, Steel, even though some benefit from the fall of others.

I know this makes no sense, but everyday I watch my portfolio bleed: Long oil, Ag, Steel and Coal.