Mass Commodity Liquidation
The past week’s action has seen a large decline in many ofthe commodity markets. We’ve seen declines in oil, platinum, copper, corn,wheat, sugar, oj and others. Therefore, one has to ask, “What is thejustification for such a broad based selloff?” The answer, in short form, canbe found in the Commitment of Traders report. I track the commercials and largeand small speculators every week. However, Steve Briese, author of CommodityTrading Bible, also tracks the Commodity Index Traders. This group makes upthe long only index funds that have been at the center of the Capitol Hillrhetoric as it relates to high …