MarkMedayski

Commodities Still Well Shy of 2006 Correction

In the last big CRB Index rally that started in the early 1970's index increased 70% in 8-9 years.
Now we are in the increase that started in 2001 that took CRB Index up 300%.
The time frame is the same if one considers we are on the top and are headed for big fall.Maybe.
But I belong to realists camp and can somebody of you count how many barrels of oil,natural gas equivalent,tons of coal,copper, metric meters of lumber,tons of aluminium,gold,platinu... etc., we have consumed since last CRB Index rally ended in 1980.
Do we have more available resources today or all of them become more depleted and where we will get new ones?
The planet earth is not a magic ball and can not give more than it has.In this perspective we are on the fair valuations for all of the CRB Index components.
Looking at Fibonacci ascending numbers I found number 610 (last CRB peak) followed by 987.
I believe we are headed for another decade of increasing CRB at least till 987 and then who knows how many commodities will be available in the quantities we need.