Commodities are getting crushed.
The Bloomberg Commodity Index (BCOM), which tracks 22 different commodities, just hit its lowest level since April 2002.
[...] Commodities as a group are now cheaper than they were during the financial crisis.
We told you yesterday that gold hit its lowest price in five and a half years. It’s just one of many commodities struggling right now. The price of coffee is down 27% so far this year… sugar and lumber prices are both down 22% this year… and a barrel of crude oil costs half of what it did a year ago.
Continue Reading at CaseyResearch.com…
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