Newsletter August 06, 2007
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WorldCommodity FundSMUpdate
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Low-cost mutual funds focused on natural resources
August 6, 2007
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| Jim Rogers: U.S. Housing Is Among `Biggest Bubbles' |
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Aug. 3 (Bloomberg) -- The U.S. subprime-market rout
that wiped out $2.1 trillion from global share values
last week has ``got a long way to go,'' said Jim
Rogers, who predicted the start of the commodities
rally in 1999. ``This was one of the biggest bubbles
we've ever had in credit,'' Rogers, said in an interview
from Hong Kong.
US credit bubble...
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| Sugar Gains on Speculation Rain Slowing Brazil Harvest |
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Rainfall is ``likely'' to have delayed the sugar cane
harvest in Sao Paulo, U.S. weather forecaster
Meteorlogix LLC said in a July 27 report. Record
prices last year spurred cane farmers in India and
Brazil, the top producers, to boost plantings.
Sugar coming off recent lows...
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| Australia: Barley prices rise and rise |
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Barley prices this week have soared on the back of
problems with the French barley harvest, continued
drought and political interference from the Black Sea
region. Australian barley exports are forecast to reach
around 5.3mt, a 73pc increase.
Barley growers cheer higher prices...
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| New Zealand Sheep Flock Falls -Drought Forces Slaughter |
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New Zealand's sheep population dropped 2.4 percent
to a 10-year low as farmers culled flocks because of a
drought on the North Island's east coast. The national
flock in New Zealand, the world's biggest exporter of
sheep meat, fell to 39.1 million, from 40.1 million last
year and 46.1 million in 1997.
Wool & Lamb prospects...
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| Have a Great Week! |
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WorldCommodity Fund
- Convenient
- Low-cost
- Professionally managed
Investing in:
Global Agriculture, Energy and Mining
companies...
Rogers International Commodity
Indices ®...
Mutual Fund Prospectus...
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phone:
404-437-7420
web:
http://www.worldcommodityfunds.com
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