Predictions: Jefferies Bache broker Christopher Bellew said we are seeing the effects of a decade of financial imprudence in Europe and the size of the re-structuring needed, so expect significantly lower oil prices short-term. Read the full article at http://www.bloomberg.com/news/2012-06-08/oil-heads-for-longest-run-of-weekly-losses-in-more-than-13-years.html
READ MORE... →Salient to Investors: Heading for the longest run of weekly losses in more than 13 years on concern economic slowdowns in U.S. and Europe. Iitrader.com sees no growth in oil demand, and Germany, the linchpin of the euro zone,is slowing and will add more negative news Read the full article at http://www.bloomberg.com/news/2012-06-08/oil-heads-for-longest-weekly-losing-streak-since-1998.html
READ MORE... →Salient to Investors: National Securities Corp said that a Chinese stimulus package will turnaround copper prices. Hedge funds and speculators remain bearish on copper. Predictions: IMF is predicting EU GDP will fall 0.3 percent in 2012. Goldman Sachs sees copper at $9,000 in three months. Morgan Stanley sees a 130,000-ton shortage for copper supplies in 2012
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