Metals and Asian stocks rise but oil falls in Asia – what’s the real trend?
Sam Adelton
Jun. 16, 2008

A measure of six metals traded on the London Metal Exchange added 0.75 percent on Friday, June 13, the biggest gain in a week. Zinc rose 1.7 percent and copper climbed 1.9 percent. Asian stocks continue climbing the ladder in follow through attempt carrying the Friday’s trend. Oil continues consolidation after reaching new high

However, the rend may not be that clear after all. The market reversals and volatility are prominent aided by the index, private equity, ETF and hedge funds. Investors trapped on the wrong side of trades are getting wiped out overnight.

So what is the real trend?

Simply put oil will consolidate for sometime and then move higher. Stocks will move lower because of higher inflation expectations and interest rates. Commodities are consolidating before moving higher. The grains are seeing their final blow off before falling apart. But the real action will be in softs and meats. The Cocoa, Sugar, Cotton, Lumber, Coffee are the new commodity market leaders. US Dollar will move sideways before making new lows. Gold is poised to cross the $1000 an ounce mark but not before consolidating the recent gains. Expect a steady increase in long-term interest rates.

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