Chart: CRB Spot And Close Oscillator (CO)
- Positive and negative close oscillator readings imply up and down trends, respectively.
- Green boxes highlight a few of the up trends
- Red boxes highlight a few of the down trends and/or corrections.
- Commodity bull traders remain neutral until the CloseOsc10 crosses above 0%.
Headline: Jim Rogers: The Commodities Bull Market Is Still On
Silver prices have slumped to their lowest level since September 2010 and gold prices are down 18% year-to-date leading many market observers to declare that the super-rally in commodities is over.
Jim Rogers, the legendary investor and Chairman of Rogers Holdings, says the commodities bull market continues. He calls the latest slump in prices a correction. “I still don’t see massive new supply coming into the market which will keep prices down,” he tells The Daily Ticker.
Rogers correctly called the commodities bull market that began in 1999 and the housing slump of 2007-2008 well before either occurred.
As a special thanks to the loyal Insights supporters, additional, market-driven money flow, trend, and intermarket analysis will be provided to Insight donors in 2013. This analysis will be revealed by an Insights key.
Paypal, a leading provider of secure online money transfers, will handle donations. Thank you for your contribution.