The Goldman Sachs Commodity Index (GSCI)..
I think we could dip as low as around 335-340...but that could be the point at which we see a reversal in all commodities.
Bear in mind this is an energy heavy index, so it's essentially 70% crude/natch/heating oil/RBOB...
I was hoping to see prices go lower across the board (grains, metals) but it may not happen if crude turns around..
Either way, it may also be a good time to buy crude/sell gold...
Also, buy heating oil, sell Gasoline???
I think we could dip as low as around 335-340...but that could be the point at which we see a reversal in all commodities.
Bear in mind this is an energy heavy index, so it's essentially 70% crude/natch/heating oil/RBOB...
I was hoping to see prices go lower across the board (grains, metals) but it may not happen if crude turns around..
Either way, it may also be a good time to buy crude/sell gold...
Also, buy heating oil, sell Gasoline???