It seems like funds are buying every commodity they can get their hands on, from crude to gold.
More Quotes from Tom Bentz:
There's already plenty of crude in the market. Adding more crude to a market that already has plenty of crude doesn't make much of a difference.Tom Bentz
The rally just ran out of steam. We are going to have to see some sustained cold weather to reduce these inventories.
Tom Bentz
But the Iranian situation hasn't gone away. So 62 crude is probably not a bad value, and people see that as a buying opportunity.
Tom Bentz
The short-term trend is down. The market finds it hard to muster any upside momentum. When it became clear we weren't going to get above 60 the mass selling started again.
Tom Bentz
Overall, the numbers were somewhat neutral, so we continued with the trend from this morning, which was upward.
Tom Bentz
We got a bigger-than-expected decline because offshore production is still down by more than 50 percent and imports were down. The shock of Katrina is still being felt.
Tom Bentz
Readers Who Like This Quotation Also Like:
Based on Topics: Gold QuotesThrough this same man and me hath all this war been wrought, and the death of the most noblest knights of the world; for through our love that we have loved together is my most noble lord slain.
Thomas Malory
You can't pick cherries with your back to the tree.
John N. Mitchell
Meth production and use is a serious problem in Kentucky and across the country. Clearly, there is a growing need for a national strategy to combat this crisis. Increasing public awareness is a significant means for prevention.
Ron Lewis