Friday, March 14, 2008
Stocks Versus Commodities
Based on chart (click to enlarge), oil and gold seem to be rising unstoppable (oil hit a record high of around US$110 per barrel currently, was traded about US66 per barrel same time last year) while stocks are continuing heading southward.
From past history record, whenever a new record high is reached, it will hit another record high. How high will it go is anybody guess? But what goes up must come down, the reverse is also true.
Look like as fears over US recession continues, investors are shifting their investments to commodities besides oil and gold, especially for gold is always consider as a safe haven for investors in times of uncertainties. Gold was traded almost about US$1,000 per ounce currently, was traded around US$680 per ounce same time last year. Clearly, commodities seem to be a better investments now. How long will it last is anybody guess?
As global stock market uncertainties continues, investors are likely to continues to invest their monies into commodities, prices of gold are likely to rise even further. At the moment, seem like the demands not only for gold but also silver, platinum, aluminium, copper and other soft commodities like soybean, wheat, corn, cocoa...
Interesting clips to share, click to enlarge.
Labels:
Technorati
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment