08.10.2014 - Are Commodities Telling Us It's 2008 Redux?
We can look back to the 2008 global financial market meltdown and cite any number of warning signs that became so painfully obvious in hindsight. Perhaps the clearest warning sign that trouble was just around the corner began in July of 2008 when virtually all commodities entered into a steep tailspin which they would not pull out of for at least another 8 months: Platinum, WTI crude oil, and copper offer a sampling of the steep downside reversals that commodities as a group suffered beginning in July 2008. Perhaps what was most interesting about the commodities collapse of summer 2008 was the consistent commentary that the bullish thesis for commodities (China, BRICs, global growth, etc.) was still very much intact even as prices continued to tumble...............................................Full Article: Source
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