by ROSARIO on MAY 9, 2012 - 1 Comment in ENERGY, FOOD, LAND
Commodities Trader Peter Brandt sees lower oil prices; bubble in grains, farmland
Brandt is a technical trader, poring over charts and patterns to spot potential breakouts and breakdowns. Nowadays he’s bearish on corn and other grains, along with farmland, oil and natural gas.
“When you look at those markets, I think we’re at prices that are unsustainable.” said Brandt, who also writes a popular Internet blog about trading commodities and stocks. Read Peter Brandt’s blog.
Gold is one of the few commodities Brandt is staying long on. He also said the U.S. stock market is attractively valued, and warns of a “huge bubble” forming in Treasurys and other fixed-income investments once U.S. interest rates rise.
1. Natural gas is a bust (more…)