There is some disagreement among commodity investors about whether the current economic situation in the United States and Europe warrants the recent spike in prices. A barrel of crude oil is currently hovering around $90 USD. Some economists and fund managers insist that the continued economic expansion in Asia, especially in China, ensures positive commodity price movements for the indefinite future. Additionally, the inverse relationship between the U.S. dollar and commodities might also indicate where prices will be heading for foreseeable future. The Robot Forex team believes that even though there may be a short term correction for commodity prices with the strengthening of the dollar, the demand for crude oil will continue to increase. With ETFs available to investors, you can choose a leveraged fund that corresponds to twice the price movement of a barrel of crude oil. Due to the increased risks associated with leveraged ETFs, investors should be cautious with their pursuits.
The Robot Forex team would like to take this opportunity to extend our condolences to all the victims of the despicable mass shooting attack that took place at an event hosted by Gabrielle Giffords in Arizona. As a member of Robot Forex, everything is secondary when you consider the sanctity of life. Those who advocate this unthinkable act, even in a metaphorical manner, should consider the possibility of such outcomes. We hope the families of those that are no longer with us find strength during such difficult times. A speedy recovery to those still fighting for their lives.