Commodities: May 13, 2008
After a long period of decline it now looks as if the dollar may have bottomed out, though few observers actually seem to be bullish on the US currency. Having got as low as $US1.60 to the euro, the dollar is now worth US$1.54,
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Commodities: May 05, 2008
When the market has priced in all the bad news it can, any bit of good news can have a surprisingly large impact. On Friday US statisticians told us that US payroll numbers had fallen by 20,000. Not good news you might think.
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Commodities: April 27, 2008
In a week when the British prime minister denied he was making a U-turn just as he yanked the steering wheel as hard as could to the left, and many commentators continued to predict the end of the commodity bull market, the price
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Commodities: April 20, 2008
Despite all the froth from the chateratti who are arguing that the commodity boom has gone too far, last week’s financial pages were dominated by other headlines. It might have been reasonable to think that copper and tin hitting
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Commodities: April 14, 2008
Another week and the dollar fell to a new low against the euro of 1.59. It remains weak against just about everything else except sterling, which has its own problems. Despite this weakness metals did not react much. Most are
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