Replies to post #5033 on The Rising Influence of Rising Affluence

[wow_happens28]

Both gold and RJA(food commodities) are at December bottoms. The next couple of days are crucial. Some individual food commodities broke into new recent lows today,others shorter term lows, so I'm very cautious.

http://www.finviz.com/futures_charts.ashx?t=GC

http://stockcharts.com/h-sc/ui?s=RJA&p=D&yr=3&mn=0&dy=0&id=p91561187106

Soybean oil, coffee and sugar all made new recent lows, and other foods look a bit weak. My guess is a rally, but individual commodities are not my bag. RJA I have traded and may buy again soon.

http://www.finviz.com/futures.ashx

[jbog]

Dew,

It's anyone's guess to what's going to happen in the near future as far as commodities go.

My best guess is that in general, commodities only trend slightly lower for the time being. Commodities won't turn bullish until there is some type of conviction that Europe fences in their problems, and that might take some time until that happens.

In the meantime, just keep your eye on the Baltic Index.