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Commodity Stocks May Have Been Severely Oversold, Buy at, or Near the Bottom
The market has moved beyond logic to serious panic as evidenced by not only the enormous declines in commodity stocks, but in stocks in general. Blue chips have fallen alongside those with less illustrious antecedents. Only gold seems to be bucking this trend and here price movements have been volatile – up $50 one moment, down $50 the next.
This is symptomatic of uncontrolled selling off of virtually any assets to meet liquidity needs, aided and abetted by computerised stop loss selling which in turn leads to a lowering of prices triggering further sales. Sometimes it seems world markets are descending…
14Oct2008 | The Gold Report | Comments Off | Continued
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