PA007

Is the Commodities Bull Really Over?

Also, your choice of 3/24/2000 is really odd. That was at the peak of dot com bubble. When a site like gold.com advertizing for gold would have been worth a lot more than mountains of gold. Hardly a rational pricing moment. I don't know if you have 1998, pre-emerging markets crash prices handy (i.e. before Oct 1998)

Is the Commodities Bull Really Over?

The price change since 3/24/2000 is the true measure of inflation since 2000 - a little over 9% per year on a compounded basis. Forget the manipulated numbers in govt reports. The commodities are where they should be. They will likely undeshoot and bounce back but it is an important hedge against inflation.
People's memories are short so the seed of greed and next bubble are sown in the the soild of fear and bust.