Posted By RichC on April 1, 2015
Watching the commodities today … particularly oil and precious metals. In the “classic risk off trade,” when stocks are selling off, gold rises (chart right – Business Insider).
Looking a little more down the road, investment banks who follow crude oil futures see the price on a slow rise after a weak winter and spring. A few bankers are predicting lower lows before a slow recovery (interesting chart below), likely due to excess inventory, abundant supply and weakness in world demand. So much for “peak oil.”