Spells for a weak, range bound 2007 in the commodity markets.
Remember the short-only funds of 1999-2000?
You see the Goldman Sachs Commodity index - it ended 2006 pretty much right where it started 2006.
Yearly Candlestick looks like a reversal??
End of the 5 year bull run...
2006 was consolidation and perhaps 2007 will be the correction, before we resume higher, much higher, in 2008-2010...
FWIW, I'm not bearish yet...I need proof...but I'm weary...
Remember the short-only funds of 1999-2000?
You see the Goldman Sachs Commodity index - it ended 2006 pretty much right where it started 2006.
Yearly Candlestick looks like a reversal??
End of the 5 year bull run...
2006 was consolidation and perhaps 2007 will be the correction, before we resume higher, much higher, in 2008-2010...
FWIW, I'm not bearish yet...I need proof...but I'm weary...