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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: paul ross who wrote (8034)	2/23/2008 8:07:58 AM
From: paul ross	Respond to of 50339

“All the commodities are just exploding,” Edward Meir, of MF Global, as record prices of gold, crude oil, corn and soybeans pushed the UBS Bloomberg Constant Maturity Commodity Index to its highest level ever. “It's really investment money, funds coming into this market,” Meir added, and he went on to speculate that actually, “Some of the precious metals, such as gold and platinum, are fairly undervalued.” With the eurozone now predicting inflation for 2008 to come in higher than previous estimates, and with China having reported inflation accelerating to better than 7% in January, we have “the type of inflation environment … in which commodities thrive,” Meir said. At least until growth rates start to falter. And in that respect, Meir said, “although the American and European economies are slowing markedly, we are not seeing signs of a synchronized global slowdown just yet in the Asian economies … What's more, and somewhat abruptly, there has been a supply squeeze coming through in some of the metals.” Gold $1000 and platinum $3000? Is it a matter of ‘when,’ and not ‘if?’ kitcocasey.com