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Commodities: self-defeating rally?

Source: Financial Times, 8th October 2010

When asset prices move, there is never a shortage of explanations. For individual stocks, the focus is usually on the details of profitability. Bond reasoning is usually grander: the state of the monetary universe. Commodities fall somewhere in-between. Each has its own story of supply and demand, but the many trees often sit in a single forest.



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