Tuesday, March 17, 2009

Heeeeere Comes Inflation: All Commodities Have Now Bottomed

In perusing all the various commodity charts after hours, I've realized that there isn't a single commodity future that hasn't bottomed in the past few days and weeks. This is the chart for perhaps the most famous of commodity futures to a novice or non-trader -- pork bellies! Needless to say, this chart doesn't just show a bottom; it shows a bull market! (By the way, pork bellies are what bacon is made of!)