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Commodites: No sign of a bounce

By   || February 4, 2010 at 18:47 GMT
|| 1 comment || Add comment

Gold is down to  $1062, almost $50 lower on the day. Oil is down over 5%, on the $72 handle once again. Copper is a relative strong performer, down only 3% on the day after a 4% slide yesterday. Contagion has spread to the emerging markets with Brazil off 4.7%. No real place to hide in a market like this, though the dollar and JPY are doing their best impersonations of safe havens.

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One Response to “Commodites: No sign of a bounce”

  1. Adje on February 4th, 2010 18:51 GMT

    Portugal Fin Min Dos Santos will make statement at 20:00 GMT

    Something is wrong. I can feel it. everybody is suddenly on the wires.
    Interbank trade sunday evening sold EUR/JPY already. I wonder if it would go lower or go up from here?

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