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Gold, other commodities still glimmer, despite declines.

Publication: Indianapolis Business Journal
Publication Date: 20-FEB-06 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Gold, other commodities still glimmer, despite declines.(INVESTING)

Article Excerpt
Commodities have taken it on the chin lately, with the CRB Index (a measure of most of the major commodities) falling more than 6 percent in a week. Gold is down 7 percent. Even copper, a market that seemed to forget how to go down, is taking a hit. Let's find out what it all means.

A few weeks ago, I wrote that I was selling my energy stocks because they had become extremely overbought. I was not turning bearish on the group, simply going from bullish to neutral with an inclination toward buying them back in a few weeks or months.

Oil stocks cracked first, then other commodity-related areas started to fall. I feel the same way about the rest of them as I do about oil. The sector needs a break. It is getting it, but the pullback doesn't change the long-term bull market outlook for...

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