From Commodityonline.com: Hear ye, hear ye, one and all: The supercycle is dead. Long live the supercycle! Commodities on the whole have declined nearly 50% from their peak as a result of the credit crisis.
This has led some to declare that the “commodity supercycle” – the idea that we are merely in mid-innings of a massive, multi-decade commodity bull market – is defunct too. I’ll admit it… the weekly chart is hard to ignore. If one had to assess the health of the supercycle by way of the Reuters CRB Index alone (as shown above), Monty Python’s Dead Parrot sketch would spring to mind….. Full Article: Source