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Strategies & Market Trends : Commodities - The Coming Bull Market

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To: Rolla Coasta who wrote (1588)9/14/2006 3:01:12 PM
From: Stephen O   of 1643
 
JPMorgan Strategist John Normand Comments on Commodity Prices
2006-09-14 10:22 (New York)

By Julie Tay
Sept. 14 (Bloomberg) -- John Normand, JPMorgan's global
currency, commodity and fixed-income strategist in London,
comments on commodity prices. He was speaking at a London seminar
today organized by GFMS Metals Consulting.
Commodities are dropping because of slower growth in some of
the world's largest economies. The Reuters/Jefferies CRB Futures
Price Index has fallen 15 percent from a record reached in May.

On commodities price cycle:
``There is another five to 10 years in it. Commodities are
being accepted as an asset class.
``Investment flows are supported by reasonably robust
physical demand. Investment flows amplify upturns as well as
downturns in the commodities market.
``The bubble criteria is met in energy, but not in other
commodities.''

--Editor: Griffith
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