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Bloomberg Commodity Index Crashes To 16-Year Low - 22% Below 2009 Trough
Commodity prices have not been this low since early 1999 (and are 22% below the trough in 2009).
The last time commodities were collapsing like this as stocks were soaring like this... it did not end well..
Just keep buying FANGs... they will kepp you safe, right?
Charts: Bloomberg
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Bullish because now I can buy moar silver.
:)
Right except for the premiums aren't listening.
Manipulated price goes down, premiums go up.
Strange world we live in.
all we need now is an ETF which tracks PM premiums.
Right: A triple turbo physical premium ETF.
Emerging markets wil be crushed
http://www.goldsqueeze.com/home/emerging-markets-hanging-by-a-thread
Using HFT, the US controls all global markets. Anyone opposed to US policies is financially crushed. Look what has happened to oil in Obama's full spectrum war against Russia.
John Kerry, the US secretary of state, allegedly struck a deal with King Abdullah in September under which the Saudis would sell crude at below the prevailing market price. That would help explain why the price has been falling at a time when, given the turmoil in Iraq and Syria caused by Islamic State, it would normally have been rising.
http://www.theguardian.com/business/economics-blog/2014/nov/09/us-iran-r...
The US controls the market, until they don't. Reality does exist, and the US knows this. There will be a collapse.
This has been my "conspiracy theory" for some time now. Obama bows to the King and boom all of a sudden oil prices climb through the roof. Obama unveils "Green" energy program that NOW is "affordable" compared to fossil fuels. That program cavitates over time because it never was, and Obama now has some new "enemies" Russia, Venuzuela and others and now the price of crude crashes and punishes Obamas enemies including the domestic fracking industry that he so hates.
Job done. It was and is, all politics with Obama and manipulating markets and "fundamentally changing" shit.
How big of a collapse does it need to be to buy all of our liberties?
I mean geez there aren't that many left I think they might be over doing it a bit but whatever it takes I guess.
real tangible shit ain't worth nothing anymore. bullshit stocks is where it's at.
NG is getting slaughtered
Let's look through this to the other side for a change....
The market pack up finally and my gold goes through the roof...then what?
Sell my gold and buy bargins off the lows?
I did this in 08/09 without a kick from gold because I didn't have any back then but I made out okay.
Am I even gonna want to sell my gold?
The Bloomberg Comm Index is a basket of futures contracts that gets rolled forward as they expire. If the comm markets are in contango, which they are, you lose money with every roll. This has been going on for years. The cash indices like CRB do not look as bad.
I wouldn't invest in the Bloomberg index. I think it's for suckers.
http://thecommoditystrategist.blogspot.com/
I assume the CRB and other commodity indices are not adjusted for inflation (much less real inflation, which is vastly higher).
If that's true, the current low is really, really, seriously low.
BTW, they should plot DXY on the same chart.
Not to mention "true inflation".