8 Quotes by Christoph Eibl
- Author Christoph Eibl
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Fundamentally, the market looks strong and there are no signs of a sharp sell-off in the offing. We can't see a top to the market.
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We're entering bubble territory. Prices have moved away from reality, and are no longer linked to fundamentals.
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There is some classic, typical profit-taking going on.
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Prices at these levels can't be justified based on fundamentals only. While we haven't seen the top of the market yet, the risk of prices collapsing is very high.
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Sugar prices in the past few months have pulled back because of the weaker oil price. Now that oil is at around $70 a barrel, sugar has to follow.
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Sugar prices are energy-driven; there's nothing else moving the market at the moment. It's all about the ethanol story.
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Industrial demand for silver has been lagging significantly since it went over $11.
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The hedge funds have pushed this market up, and now they are bringing it down again. Then we may see a small rebound as physical buyers come back into the market.
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