| There's gobs of money chasing assets these days but there's no "bubble" in commodities, which are tanking. It's not just gold, which gets a lot of headlines; nearly all major global industrial commodities are back to 2009 levels -- including coal, gas, oil, iron ore and copper. Agricultural commodities such as wheat, coffee and sugar have also fallen on hard times.
The dollar's rally has certainly been a factor in the price action, with the greenback advancing versus other major currencies amid speculation the Fed will start raising rates sometime this year. The other big story is China, which reported better-than-expected second-quarter growth of 7% last week, a development that notably didn't change the downward trend for commodity prices...............................................Full Article: Source
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