Tuesday, 22 May 2007

Hard Commodities Fall

Despite upgrades by Goldman Sach for the prices of copper, aluminium, nickel and zinc for 2007, the prices fell today on LME and US markets, with the biggest losers being nickel -5.13% and copper -4.65%. Gold also lost some of its recent shine.

Goldman still believes that “strong” growth in China will offset “weakness” in US demand.

In a separate note JPMorgan is calling "Investors who think it is too late to get into commodities-related stock" Crazy! Whether they are saying this because they are concerned about me and you as individual investors or they are worried about the returns on JPMorgan Natural Resources Fund (UK-registered), nobody will ever know!

I have found the best way to play the Natural resources is to have CFD positions on the Australian index ASX200, which is heavily biased towards the miners. So far I have been showing good profit on my CFD trades. Hope my luck continues ...

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