Friday, September 17, 2010
Phil Flynn: Brown Shoes Oil
Sugar seems to be targeting doubling its price from the low it made last May. Corn is back above $5.00 a bushel as it appears that the crop and some of the ears are more than a few kernels short of the cob. Coffee has been percolating and is surging as Arabica supplies are tight and there are worries about the current crop. Yet petroleum these days have been very rangy. For oil it is hard to get over the hump when the demand outlook is sketchy and the supply is mounting. Oh sure, you can speculate that supply will tighten dramatically in the future.....Read the entire article.
Proof....Diversification Doesn't Work