Courtesy of Mish.
Fueling the broad commodities collapse, the price of copper is now back to a level seen on February 28, 2006.
click on any chart for sharper image
Bloomberg notes that copper is the worst performing non-energy raw material on the Bloomberg Commodity Index (BCOM), which fell today to the lowest since August 2002.
CRB
A chart of the Reuters-Jeffries Commodities Index (heavily weighted by oil) shows commodity prices are back a level seen in February 2003.
Gold
For all the bashing gold has taken in mainstream media, one might have thought gold would also be back at 2003 prices. But if that were the case, gold would be back below $400 an ounce.
Of course it’s possible to spin that statement two ways.
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