Is This the End of the Commodities Boom?
Aug 8th, 2008 | By Dan Denning | Category: Featured, Financial NewsIs the commodities boom over?
Deutsche Bank (NYSE:DB) has told clients to get out of commodities. The bank says China is slowing, oil will return to its “marginal cost of production” – somewhere between US$60 and $80 – and gold will settle around $650.
Dan Denning in The Daily Reckoning Australia says you have to take what analysts tell you with a fistful of salt. Most of the time they’re just morons who are making it up as they go along. The case for resource has yet to be disproven…