John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: John Pitera who wrote ()	1/24/2000 11:26:00 AM
From: John Pitera	Read Replies (1) of 33421

The CRB index continues to give more evidence that the disinflationary /deflationary trend in commodity prices has ended this past year, as We appear to have entered a commodity bull market. This helps to explain the rise in the Long bond rate from 4.69% on Oct 5th of 1998 to the recent high Of 6.75 on Jan 18th and 20th of this year. Looking at this first chart of the cash CRB index, the downtrending red line was broken above long ago. And we just broke above the burgundy line. the green uptrendline is providing support. geocities.com here is a 4-year chart of the CRB that reinforces the idea that downtrend is over and we had a nice rounding bottom from Q1 to Q3. geocities.com Can anyone spell I-N-F-L-A-T-I-O-N????? Apparently copper producers believe that they have some pricing power. geocities.com spot prices in copper are up over 43% from the lows of March 1999. That's a big jump John

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