Full steam ahead as QE2 sails in

The Sydney Morning Herald reports that  as the QE 2 sails in next month, the USB expects to see additional stimulus money from the US Federal Reserve, when they meet on November 3. As a result, they expect to see intensive commodity growth.

The story is quoted as saying:

All that has prompted UBS to upgrade its commodity forecasts, just when Garimpeiro and others thought a correction or sorts was about due. The bank’s top commodity picks are palladium, iron ore, thermal coal, gold, copper and zinc. Its least preferred preferred include nickel and aluminium, where supply is “relatively unconstrained”.

For the full story, click here.