Author Topic: What have commodity prices done so far in 2013?  (Read 1919 times)

TSR Capital

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What have commodity prices done so far in 2013?
« on: June 28, 2013, 03:12:09 PM »
Despite a serious drought last year and massive QE by the Federal Reserve, commodity prices in the first 6 months of this year are down 7.9 %.

I used the GreenHaven Continuous Commodity index, minus silver and gold.  So it's an equally-weighted index of 15 goods like sugar, copper, natural gas.

http://www.greenhavenfunds.com/about-gcc.php

http://finance.yahoo.com/q/bc?s=GCC+Basic+Chart

Interest rates are penuriously low at around 1% or less for a good savings account.  But on the bright side, you could buy 8% more generic stuff with a US dollar.

I realize that this is far from a comprehensive account of inflation/deflation, but it's something I keep an eye on.  It's broad, yet simple, and is a market (not government, like CPI) metric.

George_PA

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Re: What have commodity prices done so far in 2013?
« Reply #1 on: June 28, 2013, 10:47:09 PM »
yeah pretty much all commodities are down this year like the ones you mention; I think gold really got hammered.  Right now these things really just aren't too much in demand.  It just fluctuates over time, prices go up and down.   They will have a time when they are the hot thing to be in and other times no one will pay any attention to them.  Personally, I don't worry about it too much.


Joet

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Re: What have commodity prices done so far in 2013?
« Reply #2 on: June 29, 2013, 10:29:35 AM »
I think you can't really look at commodity prices in time isolation like that: grains/etc had a pretty furious spike in the timeframe just prior to your window

 

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