Hope of Recovery
The GNP numbers, while much of it is based on short-term governmnet help, is today keeping the hope of recovery alive. Long-term interest rates will remain the big issue, they are rising again today, and the dollar index should hold above the 76.00 upside breakout of earlier this week.
So gains in commodites, if any in a sustainable sense, will now have to be based on final demand rather than speculation.
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