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Carson Witter Forecasts Continued Peak in Commodity Markets

03-02-2011 08:24 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Carson Witter

Carson Witter Forecasts Continued Peak in Commodity Markets

Carson Witter has announced its forecast for another peak for commodity markets throughout 2011, especially for precious metals and energies.

In 2010, virtually all the world was gobbling up commodities, but supplies were still choked by the preceding decades of underinvestment in mine development, processing plants, pipelines, railroads, and other elements of the industrial infrastructure needed for producing and transporting raw materials.

The previous bout of low commodity prices and the continuing weakness of the financial system are setting the stage for another, even bigger commodity boom. For a short while, high commodity prices had been drawing capital into commodity production, but that stopped when prices fell. While government bureaucrats were funneling hundreds of billions to weak banks, sick insurance companies, clueless automakers, and the politically well connected, the capital needed for new mines, pipelines, drilling projects, refineries, and crops has dried up. There will be consequences. As the economy crawls out of the current recession, today’s paucity of investment in commodity infrastructure will leave us with meager supplies and roaring prices.

There will be a shortage of commodities in general, but the shortage won’t be uniform. Energy, precious metals and a select few agricultural sectors will be the stand-out for tight supply and rising prices. Carson Witter is pleased to extend expertise into this exciting field of growth and share in the success of our international client base.

Disclaimer: This press release may contain forward-looking statements; such forward-looking statements include, but are not limited to, statements concerning Carson Witter’s plans, objectives, expectations and intentions. Forward-looking statements are based on Carson Witter’s current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Factors that could cause Carson Witter’s results to differ materially from current expectations include, but are not limited to: Carson Witter’s ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk and U.S. and global competition. In addition, these statements are based on a number of assumptions that are subject to change. Accordingly, actual results may be materially higher or lower than those projected. The inclusion of such projections herein should not be regarded as a representation by Carson Witter that the projections will prove to be correct and undertakes no obligation to publicly update or revise any forward-looking information or statements in the press release.

Carson Witter is a client-friendly commodity futures firm that puts the needs of the client ahead of its own. We are dedicated to providing the best service available in the industry today and to provide its clients with the tools that can assist them in becoming more successful in their commodity trading.

Exchange Tower, Suite 797/784
Harbour Exchange Square
London E14 9GS
Tel: 020 7411 9837
Fax: 020 7411 9839
Email: info.uk@carsonwitter.com
Press Contact: Rob Hamilton

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