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Strategies & Market Trends : MDA - Market Direction Analysis

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Dec 9 4:00 PM EST

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To: Lee Lichterman III who wrote (5311)	2/3/1999 10:10:00 AM
From: John Pitera	Read Replies (1) of 99985

Ya Gotta love this Gem--Commodity prices to never recover...ho ho ho Wednesday February 3, 9:47 am Eastern Time Commodity prices may not fully recover-World Bank WASHINGTON, Feb 3 (Reuters) - Prices for oil, wheat, cotton, aluminum and other commodities which have fallen sharply since the Asian financial crisis may never fully recover, the World Bank said on Wednesday in a new report. "If we are experiencing a structural break in commodity prices" due to advances in technology and freer trade, "we would not expect prices to fully recover from current low levels," the World Bank said. "Commodity prices may have taken another step down in the long history of declining prices relative to those of manufactured goods." (Note: this article is "in progress"; there will likely be an update soon.)

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