Commodity Outlook “Economic time bomb ticks”
An article released just 11 hours ago on the Sydney Morning Herald titled “Commodities face ups and downs while economic time bomb ticks” caught my eye while browsing through my inbox.
Copper fell another 2.7%, Aluminium fell 1.4%, Nickel fell 1.3%, with the only high players being gold and oil, which are still up for the year, but silver had fallen altogether 27% this month.
“The massive reversals are another signal of the global market’s fear that Europe is about to trigger a global recession by failing to defuse its sovereign debt time bomb in time, and the odds on a European debt disaster are changing daily.”
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