Technical talk: Buying power not tapped out yet

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“As further supportive evidence to a rally extension theme being likely, sentiment has not become excessively bullish yet (typically a rally killer), even after the aggressive move off the lows,” said technical analyst Kevin Lane in his daily comments. He suggests stocks are not in danger because liquidity (buying power) is not tapped out yet. […]

OverSeas Radio Network

Commodities have turned the corner

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The outlook for commodity prices in the second half of this year is encouraging. The closure of mines and mothballing of smelters in the mining industry are leaving the industry lean and any improvement in the global economy, as reflation measures start bearing fruit, is bound to be reflected in higher commodity prices. A weaker US dollar will naturally also be supportive of commodity prices expressed in that currency. […]

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