Wednesday, 11 March 2009

On the move

A lot of doubts. Fear.
Many non-believers.
Oil down, gold down, currencies doing nothing…
What about inflation? Yesterday PIMCO joined the chorus predicting higher inflation in the near future?
Are these people right?
We don’t know, as we threw our crystal ball out of the window long time ago.
But we see a couple of things.
First of all: prices of commodities are on the move.
Agriculture prices are slowly rising.
Not a real rally, yet, but the daily renko chart shows us the positive action in this department.


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