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2012 Not a Re-Run of 2011 for Commodities | |
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April 23, 2012 "We were coming into this year reasonably optimistic for commodities in 2012 and we sense that the market is slowing coming round to that same view," Tom Kendall, head of precious metals at Credit Suisse told CNBC. "In 2011 we had a number of specific factors that were very damaging to the global economy and hence to commodities demand. The Japanese Tsunami was one, at the same time the Chinese were still tightening monetary policy whereas now they are starting to ease, there was an oil price spike in the first quarter which was damaging to sentiment as well so a number of specific factors which we see as absent from the market going forward from here," he added. Source: http://www.cnbc.com/id/15840232?video=3000085434&play=1 |
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