"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.
Tuesday, July 21, 2015
Commodity prices and the market
Pam Martens is worried about falling commodity prices.
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