‘CRX (Commodity Index)’ Archive

Leading magazine says buy commodities- Are they on track?

commoditiesbarronscoverbuyaug11CLICK ON CHART TO ENLARGE

Barron’s has been bullish equities for a good while and they have been on track with this call!

Now they are suggesting to “Buy Commodities.”  Are they on track again?

The chart above looks at the Thompson/Reuters Commodity index on a monthly basis going back to the 1960’s. Back in …

Commodity bottom right now? World gets lucky if it does says Joe!

joefridaycommoditybottomherefeb13

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The large decline in Crude Oil and some other leading commodities of late has caused many to wonder if the world is entering into a period of “deflation.”  The above chart takes a look at the Thompson Reuters Commodity Index, over the past 50 years. The index hit a high …

“Head & Shoulders Top” suggests 30% decline still possible

 joefridaytombradydeflationhandstopjan23

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The TR Commodity Index has been in a fairly well defined rising channel over the past half century. After a solid rally that lasted around a decade (1972-1983), the index then peaked and fell for the next 20-years. 

The index then hit the bottom of the channel back in …