OT Commodities
OT - I continue to watch how commodities are fairing, somewhat
of a proxy for the basic 'stuff' that economies need to run well.
And, even independent of oil, they continue to sink. CAT (mining
sales are slack), POT (High of $37.50 12 months, now $16.12 - is
there not a market that need fertilizer regardless of economic
conditions?), KRO (Titanium Dioxide - widespread uses, but prices
continue to fall.) From this perspective, nothing looks terribly
good. And I do think the Saudis will pressure oil prices at least
through 2016, and maybe longer - whatever it takes to force a fair
number of the smaller frackers into bankruptcy. And choking Iran
economically as a side benefit.
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