Highlights for October: Commodities ended the month of October sharply lower, with the drop in the Reuters-Jefferies commodities index (see the red box in our chart below) being the largest in five months. Energy was hit particularly hard, as were precious and base metals. Ags held up well, although sugar, cocoa, and coffee sold off. The US stock market had a poor performance in October, benefiting bonds, while the dollar appreciated against major currencies. The few upside standouts this past month included freight, iron ore, and wheat. Alarmingly for the bulls, November is starting off where October left off, with most markets, particularly equities, continuing to struggle in the aftermath of President’s Obama’s reelection.
For the full report please click on the link below:
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| Australia-Mint-Precious-Metals-Report-November-2012.pdf | 668.03 KB |