October 04-2013
A DEFINITE SLIDE — The price slide continues. Various market analysts have proclaimed in recent days that the latest drop is due to a) optimism about a settlement with Iran because of President Rohani’s conversation with President Obama and b) the shutdown of the US government, which will reduce demand. But as the chart above shows, the latest market top-off was at the end of August and the slide was underway long before the events being cited.
