worth watching, on my new list: CRB commodity chart
futures.tradingcharts.com
showing a nice uptrend now since October
Commodity Research Bureau index is most widely observed
two others compete
Journal of Commerce, and some other, cannot recall
I dont want to see inflation undermine commodity prices
if that occurs, then we face Japanized consequences
CRB includes:
metals - gold, silver, copper
energy - oil, natural gas, gasoline
grains - soybean, wheat, corn
softs - coffee, sugar, KYjelly
my central contention (learned from Puplava) is that Fed monetary inflation, which is otherwise known as "beneficial liquidity", will find a path of least resistance
it will head into commodities disproportionately
we will get commodity inflation
maybe even a nice bubble in the next several years
the Fed cannot control where money goes, what it chases
techs and standard S&P stocks will decline for a long while
then they will sit and collect dust later
but commodity stocks will rage, rage, rage
just like the late 1970's
Puplava is brilliant
check his most recent submission, "Debt Valley"
financialsense.com
/ jim |
