CNBC Asia 11/18/09

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2 Responses to “CNBC Asia 11/18/09”


  1. 1 Tom November 18, 2009 at 4:14 pm

    Karl, how do you explain the move higher in a lot of the commodities as inventories continue to build around the world. I was copper and various other metal stocks are at the highest levels in years right now. Also, the crude and product markets continue to build around the world and on ships. I understand the need for commodities going forward, but some of these moves seem to be overdone with where inventories are.

    • 2 keggerss November 18, 2009 at 4:23 pm

      Tom, For a while, China was stockpiling, then we had the economy improving, now we have the Fed easing aggressively. That all means higher commodity prices. I agree in the short run commodity prices are high, especially gold. But, there is no signs the Fed will stop printing. Also, there is real growth happening in emerging markets. So, nobody cares about inventories. It’s all fear of the future.


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