Commodities and Oil

After starting to recover a bit in mid-August, commodities have just been crushed in September. Selling is overwhelming and universal, shattering countless technical support lines. Investors

But successful investing and speculation demand total emotional neutrality, that we actively suppress and ignore our own greed and fear. Yes, the selling has been relentless and painful. Yes, commodities and their producers are bleeding rivers of blood. But much more important than lamenting the present is handicapping the future. Are commodities likely to head higher or lower from here?

To game these odds, we first have to understand what drove the selling and whether or not this driver is likely to persist. As long as this primary driver remains in force, commodities weakness is likely to continue. But once it