A Mixed Year For Commodities

by: Tim Iacono

With only a few trading days left in the year, 2011 is shaping up to be a rather unusual year with about one-third winners and two-thirds losers, kind of a mirror opposite of 2006 when there were about one-third losers (including energy products) and two-thirds winners.

If not for resilient energy prices, this year would look a lot like 2008, however, after last week’s oil price surge, all but natural gas will likely end with double-digit gains. Of course, gold looks as though it will rack up its 11th straight year of gains, though, with sentiment in the gold market the way it currently is, few will notice.