Hedge fund boss John Burbank on why he is selling commodities

John Burbank of Passport Capital explains to Bloomberg TV’s Margaret Brennan why he is selling commodities with the ending of QE2 coming up, but this is a temporary correction. He remains a long-term gold bull because the dollar is going to be devalued one way or another.

The summer will be a bottom for commodities in this correction which will revert towards levels seen last December. He is already accumulating junior gold stocks.