Daily Reckoning
It was a challenging first half of the year for most commodities, with only two resources we track on our Periodic Table of Commodities Returns
rising in value. Natural gas and oil rose 6.5% and 5%, respectively,
while silver lost a third of its value and gold lost a quarter of its
price from the beginning of the year.[...] At first glance, the correction seems to support naysayers who believe the supercycle in commodities has ended, such as Credit Suisse analysts who had declared that the “era is over” in its digital magazine The Financialist.
We disagree. Instead, we see severe price declines as possible buying opportunities during this ongoing commodity supercycle.
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