“At first glance, the correction seems to support naysayers who believe the supercycle in commodities has ended, such as Credit Suisse analysts who had declared that the ‘era is over’ in its digital magazine The Financialist. We disagree. Instead, we see severe price declines as possible buying opportunities during this ongoing commodity supercycle. Consider the extreme pessimism on gold. As one measure of how bears have ganged up against the yellow metal, take a look at the spike in the level of short positions on the precious metal since the beginning of the year. As of the beginning of July, the number of outstanding gold short contracts was close to 140,000!”
http://dailyreckoning.com/bullish-at-the-bottom-why-now-is-the-time-to-buy-commodities/
Tip Freedomwat.ch Staff with Bitcoin