GREY:ARGEF - Post by User
Post by
Sinbobon Oct 11, 2011 7:44pm
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Post# 19139104
Commodity barometer rising
Commodity barometer risingTuesday, October 11, 2011
The commodity sector has been slammed by hedge fund long side liquidation over the last 5 weeks which has basically taken the complex on a one way ride down and down hard at that. It has now finally bounced as nervous shorts cover for fear of getting caught overstaying their welcome on that side of the market should the hedgies' algorithms flip over into the buy mode over the chatter over European and IMF plans to deal with Greece.
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