Investors ‘looking for safety’ send commodities slumping

Commodities Dec 15, 2011 No Comments

Scared investorThe fall in key industrial raw materials such as oil and copper signals a belief that economic expansion will be slower than expected, while the pullback in gold and stocks speaks to a desire to shed risky assets. After months of stomach-churning volatility, buyers are indicating a new hunger for stability.

Investors are running away from risk as fears grow that the global recovery is slowing to a crawl.

Gold, copper and oil prices plunged Wednesday, along with global stocks, as worries over Europe’s crippled economy pushed investors to seek a haven in U.S. currency and Treasuries.

via Investors ‘looking for safety’ send commodities slumping – The Globe and Mail.

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Rod Sherkin

Rod is a former senior executive, responsible for Purchasing, for both Pillsbury and Ball Packaging back in the 80’s and 90’s. Since then, he has continued to work in the Purchasing field as both a consultant and founder of the website Propurchaser.com.

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