14 September 2012
So far risk assets have been driven sharply higher. I expect this could be a blow-off move and expectations will come down to earth in the next month or so.
After that, however, it might be tough denying the trickle up effect that unlimited monetary accommodation will have on commodities.
So, seeing that markets may be ripe for a correction as they surge to overstretched levels, here are some developments that may factor into price action for certain commodities: corn, crude oil, gold and iron ore.
No new recommendations or adjustments at this time.