Tuesday, December 28, 2010

Commodities Surge to New Highs

Grains have hit new 2010 highs today, especially corn and soybeans. Gold is above $1400/ounce again, and silver is also surging. Sugar just hit a new 29-year high. Cotton, after a limit down move yesterday, just erased all those losses! Copper just hit a new high also. Livestock futures are setting new records today also. Inflation is here, like it or not!
NYBOT weekly, daily chart:


NYBOT monthly chart -- higher than 2008 high!