Commodity Smack Down – Chartbook
July 16, 2013 10:40 am
It has been a rough year for commodities to say the least. No matter what the talking heads are saying, the fact is that there is an obvious slowing in the global economies and that is taking its toll on commodity prices.
It is still unclear what is going on with gold as there is no way to tie the move an any traditional correlation. Note that the one stand out is crude oil – which makes no sense.