Monday, February 14, 2011

2011: A promising year for commodities

Courtesy of : Jayang Manglik
2011 promises to be the year of commodities. Every global event in the last three years has either been triggered by commodities or has, in a roundabout way, led to increased influence of commodity prices on the macro-economic environment. The recent events in Egypt are a case in point.

Even in the ongoingcurrency wars, commodity currencies like the Australian Dollar and Brazilian Real have shown genuine muscle and there is nothing on the horizon to show that the trend is changing. The stimulus money allocated by several governments worldwide saw a race to acquire natural resources across the world due to increased awareness of this issue. Moreover, underlining the global economic uncertainties, gold prices continue to hit new highs with no signs of abatement. Therefore all signals point to 2011 being a year of where prices are likely to continue climbing and therefore commodities will be the best place to invest in 2011.



Continue at: commodityonline



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