Seeking Alpha

This just in, commodity prices are falling, writes technician Michael Kahn. The CRB index is...

This just in, commodity prices are falling, writes technician Michael Kahn. The CRB index is lower now than when the Fed launched QE∞ in September, and down 18% over a roughly 2-year period. Though still in tight supply, the grains (JJG) are off 16% since late summer, and softs like coffee, sugar, and cocoa are in multi-month bear markets.
Comments (4)
  • Wrong. Energies, metals and even grains are OK or better. Of course grains are down from summer's superspike. Technicians. Who needs em?
    30 Jan 2013, 11:22 AM Reply Like
  • That's funny, my cost of a tank of heating oil remains well over $600 and gasoline in CT is rising sharply again.

     

    Once again, believe the experts, not our own lying eyes and wallets.
    30 Jan 2013, 11:30 AM Reply Like
  • While some select commodities are lower, those who reside within the real world filling up their gas tanks today know the opposite is true with regard to oil. And whether prices are higher/lower depends upon whether one's focus is on a few select items or the aggregate.
    30 Jan 2013, 11:34 AM Reply Like
  • So when prices spike . ... the inflationistas are in a lather

     

    and when prices fall ... . . . don't believe the prices or charts

     

    OK , got it
    30 Jan 2013, 12:16 PM Reply Like
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