A Whiff of Deflation Wafts Over Commodities

(source: stockcharts.com)

One of the biggest one day corrections in CRB history...

Still too early. We have been here before. Corrections like this are nothing new. The comodity complex is simply back to where it was two months ago..

But is this the beginning of the end of the commodity bull market? Short-term T-bill rate is below the Japanese short-term rate. Yikes! Anyone doubt the forces of deflation?

Stay tuned...

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