26.08.2014 - Are We At The Beginning Of A Bear Market In Commodity Prices?
A cyclical bull market in commodities began right after the start of the new millennium. Many commodity prices zoomed to new actual all-time highs, not adjusted for inflation. Consider that crude oil, which peaked at $41.15 per barrel prior to 2004, reached over $147 in 2008. Today it remains over the $90 per barrel level -- more than double the pre-2004 high. Gold traded at a high price of $850 an ounce in 1980; in 2011, it shot up to over $1,900 and remains north of $1,200 today. The examples go on and on -- copper and other base metals; agricultural commodities and some soft commodity prices all saw new dizzying heights over the past decade...............................................Full Article: Source
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