This Weird Story Suggests Gold Miners are Near a Bottom

(Before It's News)

by Casey Research
Casey Research

Things just keep getting worse for commodities…

Regular Casey readers know the oil market is crashing. Oil closed below $39 yesterday, and is now down 64% since last summer.

But oil is just one of many commodities hitting multi-year lows. The price of palladium is down 13% since Friday…copper, aluminum, and silver are all at six-year lows…the price of oats, coffee, and sugar are all down 40% or more over the past year.

The Bloomberg Commodity Index, which tracks 22 raw materials, has dropped to its lowest level since August 1999.

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