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To: Les H who wrote (1045)	11/27/2001 8:56:01 AM
From: Wyätt Gwyön	Respond to of 29602

interactive.wsj.com For months, commodity prices have been an under-the-radar indicator of trouble to come, predicting an economic downturn long before other better-known indicators. Industrial metals such as copper, for instance, have been plunging all year, with copper-futures prices down 20% so far this year, while crude oil has fallen 29% this year and natural gas is down 72% as business output has ground to a halt. So with the nation now officially in a recession, what do commodity markets say about the prospects of a turnaround? Despite some optimism that the recession has already nearly run its course -- and that a turnaround is due in the spring -- commodity prices don't bear that out. If anything, continuing turmoil in the commodity markets could indicate that a recovery won't arrive until next summer, at best. Copyright © 2001 Dow Jones & Company, Inc. All Rights Reserved.