the broader markets & economy?

[boarderbloke]

anyone see BNN this morning(Mon.12th) Dave Meger, commodities trader for Alaron Trading was on saying "DEFLATION" will continue for all commodities(gold, oil, copper, etc....) throughout/ or till near the end of 2009. he says, "if you think commodities are low, they can still go lower" their office is predicting oil at $20.oo/bbl

as i started this topic, have we chosen a path yet, Inflation or Deflation???

sometimes the most money can be made by having everyone 'think' the market is going one way, meanwhile you 'know' it's going the other way, or you and others 'muscle' it the other way. even though inflation seems obvious and logical, it might not turn out to be what is going to happen.

i'm still just surprised that there still is any talk of deflation ! ????

[liberty]

The deflationary trend we are in is taking a lot longer to work out than almost anyone expected. Apparently a number of large hedge funds are still in the process of unwinding their commodity positions.

I'm beginning to think that we may not see an upturn in commodity prices this spring at all. We're simply running out of time. Farmers are reaching the point where they will be forced to sell inventory in order to plant this year's crop. The only upside to this scenario is that input prices are falling, although they are still in general well above where they were a year ago.

The turnaround point will be when you reach a state of maximum pessimism. My cousin is a perennial bull on commodities, for instance. When he becomes bearish, then I'll know we've hit a bottom.

[cottonpicken]

All good points but we bulls have an ace of spades up our sleaves.

Gold will perform,and it sounds like sooner than later.

If you find out all factors including the good people of gata,you will see a our market in a different way.

Short,short term me may have some pain.