Archive for December, 2012

Commodity prices expected to rally

Sunday, December 9th, 2012

Commodity trading graphRecent events in the commodity markets have given traders both food for thought as well as perhaps a chance to capitalise on recent movements in certain benchmark materials. Of primary note in recent days has been the recent sell-off of gold.

After a recent liquidation, many investment houses including Barclay’s have determined that this sell-of was indeed overstretched. Therefore, the bulls are eying the precious metal once again. If we then combine this with safe haven buying in reference to a weak Eurozone economy and the ongoing deliberations taking place over the United State’s fiscal situation, many online traders are viewing gold as having reached a relatively strong level of support.