How Big is the Bust in Commodities Really?
by Pater Tenebrarum
Acting Man
Have all the “Supercycle” Gains been Wiped Out?
We have frequently come across articles lately that are purporting to show that commodity prices have in the meantime declined below the lows that obtained at the start of the last bull market. Yesterday Zerohedge e.g. posted a chart from Sean Corrigan’s True Sinews Report, which depicts the GSCI Excess Return Index. The following remark accompanied the chart:
“Returns from being long the commodity super-cycle have evaporated in the last 18 months – to 42 year lows.”
So are commodities as a group really at 42 year lows? Here is a little test: can you name even a single listed commodity that currently trades at a lower price than at any time since January 1974?
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Source: http://financialsurvivalnetwork.com/2016/01/how-big-is-the-bust-in-commodities-really/?utm_source=rss&utm_medium=rss&utm_campaign=how-big-is-the-bust-in-commodities-really
