Worries about inflation are heating up. Investors have been looking for inflation hedges and turning to commodities. A lot of that interest is directed at the energy markets, sending crude oil to new highs for the year at just above $70 a barrel. This market could be knocking at the door of last year’s record highs if some of the inflation forecasts prove correct. Natural gas has been lagging, but to me, looks like it could be forming a bottom. (more)
Wednesday, June 10, 2009
Crude Oil Top Not in, Still Opportunities for Bulls
Worries about inflation are heating up. Investors have been looking for inflation hedges and turning to commodities. A lot of that interest is directed at the energy markets, sending crude oil to new highs for the year at just above $70 a barrel. This market could be knocking at the door of last year’s record highs if some of the inflation forecasts prove correct. Natural gas has been lagging, but to me, looks like it could be forming a bottom. (more)
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