No end of selling pressure setting aside, what has happened in today’s market was essentially a refletion of the market over last 12 months. With more and more analysts predicting this is going to be a 74 style market - where energy price was also the cause.

Commodities, although had a great start this year was also tipped to be overheating and may decline in the 2nd half of the year. Much of the commodities boom have been marked as a hedging for investors rather than for fundamental reason - as currencies, shares and bonds have all lost their shine.

In today’s market, I think I will continue adding more gold stocks (and physical gold), and I am starting to consider adding more uranium stocks - uranium is the by far, the most advanced “clean” energy, despite of the rising oil price, the price of uranium is still far away from the boom time around 12 to 18 months ago, yet, for companies like Paladin Energy, their progress has been significant.

I think this is another evidence that the commodities have been pushed up by traders instead of physical demand, because uranium, unlike iron ore or other base metals, are not easily tradable on the market.