Gold Hits $1235 As Commodities Crash To 12-Year Lows Amid $45 Oil

The only other times that Bloomberg's broad-based (i.e. not all OPEC's fault) Commodity Index has fallen so far so fast was in 1999 (before stocks crashed) and 2008 (before stocks crashed). At 12-year lows, the raw material of the world's economies is flashing a big fat red warning signal that all is not well (despite stocks being a 'smidge' off record highs). WTI traded with a $45 handle... but apart from that, everything's great (oh wait and the 230 pip USDJPY roundtrip). Amid all this turmoil, gold just broke to $1235 - its highest in a month.

 

Gold is resurging...

 

 

As Commodities are at 12-year lows...

 

WTI trades with a $45 handle...

 

And USDJPY is in trouble...

 

Charts: bloomberg