Bespoke's Commodity Snapshot (3/9/10)

The stock market is up about 65% since the 3/9/09 low, but oil has actually outperformed stocks over this time period with a gain of 72.64%. Below we highlight the performance of ten major commodities over the last year. As shown, copper is up the most with a gain of 108%, while orange juice ranks second with a gain of 101%. Of the three main precious metals, platinum is up the most at 50%, followed by silver at +33.73%, and then gold at +22.16%. Even natural gas is up since the March 9th, 2009 low with a gain of 16%. Wheat and corn are the only commodities shown that are down over the last year. Corn is down 11%, while wheat is down 18.27%.

click to enlarge

Below are our one-year trading range charts of the ten commodities highlighted above. For each chart, the green shading represents between two standard deviations above and below the commodity's 50-day moving average. Moves above or below the green shading are considered overbought or oversold.

Comments

[JAMES CARLINI]

And shows like American Pickers and Pawn Shop are getting traction because people are seeing value in collectibles and "old stuff". They buy an old advertising sign at $20 and sell it for $100. That's 500%.

So when do we see a chart comparing collectibles and stocks?

"Investment Diversity" should get a much broader definition than a bank, big pharma, defense contractor, energy company and tech company.

Mar 09 07:17 PM