Commodity Charts

[don]

http://www.indexmundi.com/commoditie...ndex&months=60

At a glance, what's been going on...or is that, what's been going up and is now, what's been going down. A near speculation crackup, followed by the biggest margin call in history. :cool:

(Thanks to Russ Winter)

[sn1p3r]

Re: Commodity Charts

This looks a lot like Martin Armstrongs 72 year Intensity cycle

[friendly_jacek]

Re: Commodity Charts

A near speculation crackup, followed by the biggest margin call in history. :cool:

There is more to that. As price went up, oil consumers bought futures to hedge. Now as the the price goes down, consumers sold futures AND producers sold futures to hedge lower prices. Double whammy. Speculators caught in the middle. Ouch.