I for one agree; this (metals) has become a very crowded trade and a few funds have thrown in the towel. I'll separate oil from the metals, because IMO the fundamentals for oil very much outran the realities. I remain bullish on the metals but they will be a LT trade and they have demonstrated an unsuitability for more than say a single digit fraction of one's port. IMO, of course.
I truly do not understand the pump in the homies, though.
"I truly do not understand the pump in the homies, though."
I truly do not understand the above sentence, can you translate please.
I have been following the oil prices for a while. Saw a TV program that said if it weren't for various manipulations, the true price of oil should be around $40 or $50. On the other hand I attended a conference on "peak oil" featuring Mr Lundberg of Lundberg Letter fame. There the projection was that because of growth in China and India, oil could reach $200/barrel in 5 or 10 years.
truly do not understand the pump in the homies, though.
''''''''''''''''''''''''''''''''''''''''''''''''''
Fall in commodities= cheaper home const. costs.