Tuesday, July 21, 2015

Commodity prices and the market

Pam Martens is worried about falling commodity prices.
"Yesterday, domestic oil (West Texas Intermediate or WTI) dipped below $50 a barrel during intraday trading, reaching a level not seen since April. Gold closed at the lowest price in five years while sugar traded at a six year low. Wheat has lost almost 9 percent since last week. The Bloomberg Commodities Index traded at a 13-year low yesterday."  
Her worry is based on the following chart linking commodity prices to the Dow Jones during the Depression.

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