Investors Shifting to Cash From Commodities - Bloomberg article

Blockhead · May 12, 2011

http://www.bloomberg.com/news/2011-...mmodities-as-outlook-dims-in-global-poll.html

Global investors have tempered their optimism about the U.S. and world economies and plan to put more of their money in cash and less in commodities over the next six months
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The "big stimulus game is over," said Bill O'Connor, a poll participant and founder of Sagg Main Capital hedge fund in New York, in explaining why he's moving money into cash as the Federal Reserve winds up its bond-buying program and U.S. lawmakers look to cut the budget.
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More than half of those surveyed expect silver prices to fall further in the next six months. Sixteen percent identified commodities as one of the markets that will suffer the worst returns over the next year, more than double the proportion that said that in January.
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While the attractiveness of the U.S. is ebbing, it still comes out on top when survey participants are asked to name the best countries to invest in. Thirty-one percent cited the U.S. as among the markets that will offer the best returns over the next year, down from 37 percent in January.
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Commodities have "become a bubble, with a lot of non- specialist investors," said Ken Welby, a salesman at KNG Securities LLP in London and a poll participant. "Demand cannot cope with the price rises that we have seen."
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Investors Shifting to Cash From Commodities - Bloomberg article

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