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CRB Commodity Index, Going Back Ten Years, Prices Are LOWER Than 2009 Crash

Posted by Mr.Copper @ 19:32 on October 31, 2018  

Charts look pretty much like the gold charts. Only difference Gold made a bottom in late 20015 and the CRB later in early 2016. Todays CRB is lower than the ’09 extreme lows. You may have to scroll this one at the bottom, left sideways to see 2009. Gold going up first could have been “engineered” higher lead or give psychological lift for other commodities.

For all we know, TPTB may be spending money to support Gold prices, to avoid the markets from getting a deflationary psychology. The only problem with this logic, higher commodities prices encourages production, leading to gluts, leading to lower prices.

They were idiots decades ago for eliminating the gold standard, eliminating capitalism, and doing away with natural market forces to adjust supply and demand.

https://www.marketscreener.com/CRB-COMMODITY-INDEX-16179/charts-historical/

http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=XX%3ACRB&insttype=Index&freq=2&show=&time=13

This one has a pulldown to go back to 2009.

https://www.marketwatch.com/investing/index/crb?countrycode=xx

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.