Commodity Futures See Boost With EU Bailout of Greece

US commodity and equity markets rallied today on the outlook a second European Union bailout of Greece over this past long weekend may create demand for American products and materials.  The Dow Jones Industrial Average has hit highs not seen since 2008, and metals are leading the way in the commodity futures arena.

Greece has been on the brink of default for the past couple of years now, and after one failed attempt at a rescue, a second one has been made with European finance ministers granting Greece the equivalent of $173B in aid.  As a hedge, I understand other investors of the Greek bailout are actually long commodity futures.

With the bailout of Greece over the long weekend we have seen a surge in commodity prices especially in the metals and energies. The world looks to the US economy and it’s perceived strength for the short term and this could signal more of a move back into commodities overall and more of a tolerance for risk,” stated Chris Hildebrand, vice-president of HighGround Trading Group in Chicago, regarding the current commodity futures news.

Most of the commodity futures markets we trade are currently in up-trends, and those that aren’t have recently rolled over to the downside.  This year, 2012, I especially want to be onboard all commodity markets that are trending upward.  I have seen this coming since last year!


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