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1 pt

Commodities

 Jun 30, 2008 01:36 PM UTC
Return Risk
+11.77% LOW
Tracked Blogger
Symbol Sentiment Start Return Closed
USO n/a

Graphic_arrow1 Via Todd Sullivan's ValuePlays:  

Some thoughts from the lake.....Dennis Gartman talks about commodities..

Gartman talks about oil (USO) and the demand destruction of it undergoing. He also talks about corn, wheat and the lost acreage of them due to the recent flooding.

One would think that food prices are going higher due to worldwide demand and weather and oil may crash short term. We sold our oil position a little while ago.

Oil is due for a rapid correction followed by a slow drift up. I think the easy money here has...



Continued at Todd Sullivan's ValuePlays






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