The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Wyätt Gwyön who wrote (7128)	12/3/2002 2:50:13 PM
From: Jim McMannis	Read Replies (1) of 306849

RE:"multiyear highs in copper and gold due to drought?" The CRB is heavily weighted in the grains. So any drought affecting grains is likely to have a magnified effect on the CRB. Gold is a multi-faceted commodity but "multi-year" highs in gold really aren't historically high by any means. Likely no drought related anyway. Even in 1987 when the market crashed gold was over 500/oz. Copper is a base metal more indicative of certain types of industrial production. Maybe has something to do with electronics or plumbing at this time. JIm

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