Loading ...Some called it the Dot-Com bust. We were bottomed out. Between June ’82 and March ’00, Gold was down $850 to $250, along with all commodities. Silver $4 heating oil .42 cents, copper .46 cents, steel was free. 🙂
At that POINT? After the dust settled, Gold Silver and PMs were the ONLY game in town. We went up first and a few years later 2003 the regular stocks followed us up until 2008, and stocks crashed again.
We MAY be in a similar situation as 2001 and 2009, the dawn of another commodity boom.
CRB Commodity Index Charts:
https://www.mrci.com/pdf/gi.pdf
Check this one down here out. Stocks high commodities cheap.
Either commodities are starting a new bull mkt or commodities are only in a bounce and a deflation trend will get obvious. Keep in mind. If commodities go up only mathematically, and not shortages, due to weaker dollar it causes over production. Dollar was high recently so maybe there are shortages.
CHART: Commodity prices slump to 50-year low against US stocks