| We may have been deluding ourselves with regard to the recent commodity super-cycle — the apogee of which, by the way, has probably been over for as long as seven years. It may not been so super after all. Charts produced during the week by London-based Capital Economics reveals a pattern of commodity moves that should confound any view that these items have retained good value over the long term.
For one thing, the price surge that reached its most exciting level just before the GFC struck in 2008, was not the greatest in real terms. Adjusted for inflation, the highest peak for commodities was caused by World War I, followed by the oil shock of the 1970s (and sustained by the gold burst in 1980)...............................................Full Article: Source
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