CRB Commodities Index Suffers Biggest Loss Since March

Posted by Louis Navellier on 8/4/08 1:17 pm

The Reuters/Jeffries CRB Index of 19 commodities today suffered its biggest one-day loss since March.  One of my traders reported to me there was a rumor that a commodity-based hedge fund was forced to liquidate positions, forcing a commodity sell off, especially in crude oil.  Whatever the case, this commodity “crunch” is grossly oversold, in my opinion.

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