Commodity Correction Is Coming

It's hard to tell from today's coverage on CNBC -- Trump, Trump, Trump, Congress, Trump -- but there has been a sharp correction in commodity prices. Actually, today's action represents the continuation of a trend seen in the past 2½ weeks. 

Oil prices fell a full 5% at one point today and, as the equity market trading day came to a close, were still trading below $45.50 per barrel of West Texas Intermediate crude and $48.50 per barrel of Brent. Copper prices hit a 17-month low yesterday and did not improve today and the always-volatile spot market for iron ore showed extreme weakness, with prices dropping 9.3% in Thursday's trading session. ...559 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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