SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Clown-Free Zone... sorry, no clowns allowed

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Earlie who wrote (81994)3/17/2001 5:40:45 PM
From: John Madarasz  Read Replies (1) of 436258
 
Earlie...

I just read an interesting commentary that was soliciting opinions...

New 10 day lows yesterday in grains, softs, energies, metals and currencies are telling the story of an economy in decline that is also crimping world economic growth. Slower global growth decreases demand for the commodities used to fuel growth and lower demand means deflation and lower prices. The bear market in equities is only working to reduce wealth and buying power, which in turn will decrease demand for most commodity groups. The new Ten Day Lows List may be providing an early indicator of a secular down cycle in commodities sensitive to economic down turns.

Metals are a case in pint...see May Copper which dove to an 11 month low. A slowing world economy curbs demand for copper used in construction and electronics.

Seems to make sense to me anyway. More warning signals.

Hope you're having a good one.

JM
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext