Will The “Fiscal Cliff” Trim Lumber Prices In 2013?
Wednesday, January 2, 2013 The Lumber bull market has begun to tire, as weak longs exited trades ahead of year end. Fears that the US may fall off the so called “fiscal cliff”, which would raise taxes and force government spending cuts that could derail any economic recovery in 2013, may have been the catalyst [...]
Wednesday, January 2, 2013
The Lumber bull market has begun to tire, as weak longs exited trades ahead of year end. Fears that the US may fall off the so called “fiscal cliff”, which would raise taxes and force government spending cuts that could derail any economic recovery in 2013, may have been the catalyst for the profit-taking selling seen last week, as prices attempted to test the $400 price level. Large speculators were beginning to lighten-up on their net long positions prior to the … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards