Weblog of Joe Ross, Trading Educator and Trader for over 5 Decades
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Category — Commodities

COMMODITIES CRASHING

News of the worst economic conditions since World War II helped send the price of commodities crashing on Tuesday, February 17. The benchmark CRB Index – which tracks the price of oil, metals, crops, and other raw materials – is down 10% so far this year… and sits near its lowest price level since June 2002.

When folks aren’t building televisions, cars, appliances, or houses, demand for raw materials falls of a cliff.  What does this mean for Trader’s Money Club members?  It means soon, we will be looking to buy commodities hand over fist.  Stay tuned.

February 18, 2009   1 Comment