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The New Commodity Supercycle
['Adam Sharp']
Daily Reckoning
The New Commodity SupercycleGold, silver, and miners are finally dipping after an insane run.
The chart below compares the S&P Commodity Index (oil and gas, metals, agricultural products) to the S&P 500.
Sources: Katusa, BloombergBut as you can see in the chart, commodities always take their turn eventually.
And my favorite oil stock, Brazil’s Petrobras (PBR, PBR.A) is now up 30% since we first covered it.
But as we have discussed previously, if we do see a big stock market crash, central banks will react predictably.