Commodities have been struggling lately, with almost every stock from oil to agriculture on a steady downward slide. In fact, July saw the biggest one-month drop in agricultural stocks in 28 years, and crude oil, natural gas, soybean and wheat corrected 20% to 40% during the same time.
It has been quite a while since we've seen trading action like this, and while some are enjoying the drop in commodity prices (especially drivers welcoming lower oil prices), other investors are more concerned about what's coming next. Where are commodities going from here? Will they continue their steady slide down, or are they just building momentum to soon shoot up?
I have had many subscribers ask me about my outlook on commodities, and if there are any opportunities for profit. Well, my answer is this: I look for commodities to stabilize in the coming months, and yes, there are opportunities for profit.
But not yet.
You see, commodities have long-term bullish fundamentals, but demand is starting to taper off as a result of high prices. Commodities are no longer a hot investment, like they were a few months ago. It is great that in Asia Edge we were able to cash in on some of these opportunities with nice profits when they were hot. But now, they are no longer a profitable part of our investment portfolio.
So I recommend that as you enjoy the lower gas and food prices, you also sell these Asia Edge commodity plays...Click to the next page to find out which stocks I recommend selling!
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