Funny, Precious Metals moved from the 200 line to the 400 line, that is a 100% gain. The BLS Metals CRB went for the 400 line to the 800 line. That’s a 100% gain.
Regarding the Manufacturing Metals it could stand that some of the extra momentum in the BLS metals is due to China's demand but for the most part that 100% gain in the CRBs across the board seems to be inflationary.
Thanks FA, it supports my case. If the Fed pursues high Interest Rates up over 3% then it should put commodities down. If most of that move was due to inflation then we could see commodities retrace about 50 to 60% of their gains over the last 2-3 years.
Strong Dollar is a Strong Yuan. Strong Yuan with weak commodities means China's growth continues. if it unpegs then it will languish with commodities while countries still holding the peg and the US ramp up their industrialization. Bad time for stocks. When the next specter of recession appears it should signal another dip into the commodity equity pool. Following the Japanese economic analog very well.
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