Buying back oil and copper for the first time in 12 months

It has finally happened, for the first time in over twelve months, we have a signal in our proprietary models that global growth is on the improve. Meaning that our short positions in Copper and Oil have this morning been closed, the profits locked in (we went short Oil when it was way over $100 a barrel) and that we are now bullish on the commodities complex and have bought Oil and Copper to hold as long exposure in the portfolio. As can be seen in the chart below, our leading indicator for global growth (blue) has this morning crossed our longer term forecast (grey), signalling our new bullish call for the world economic environment in the months ahead. Read more... (VIEW LINK)