Commodities Are Hot Right Now. But the Party May Be Over. - BitcoinEthereumNews.com
KabuhayanMainit ngayon ang mga kalakal. Pero Maaaring Tapos na ang Party.04 / 16 / 2022Balita ng Ethereum ng Bitcoin Laki ng tekston n Prices for industrial commodities such as copper wire have taken off. n Dreamtimen n May mga namumuhunan piled into commodities, sending their prices soaring, but the good times may be more or less over for now. Fund managers portfolios are the most weighted toward commodities since at least 2006, the starting point of a series of surveys conducted by n n n Bank ng Amerikan .n The latest results, disclosed this week, show a net 38% of investors surveyed are overweight commodities. The second-highest was a tick above 30% earlier this year. Ang n Pondo ng Pagsubaybay sa Invesco DB Commodity Indexn (ticker: DBC) has risen about 35% this year. Now at just over $28 a share, the fund is trading at about 29% above its 200-day moving average. That means it is far above its long-term trend, suggesting its price must soon come back down to earth. One of the key factors behind the gain has been limits on supply resulting from Russias invasion of Ukraine. The U.S. has already baned imports of Russian oil and markets are reflecting a possibility of further restrictions on