Is The Commodity Run Over?
It’s interesting, last weekend it looked like the sky was falling down. Bear Stearns was being bought, the credit crunch was on, the dollar was going down fast and gold was the safe haven. But something funny happened. People started to realize that a bottom may have been reached.
What happened? The dollar stabilized and gold shed nearly 10% off of its value in the last few days. It’s leading a pullout in other commodities as well. Many of them have a long ways to go down, but if these trends hold, the economy could be finding itself on a lot more solid footing in the next few months.
If this trend is holding, maybe it is time to get into real estate and other assets that have been pushed down.