• 722 days Will The ECB Continue To Hike Rates?
  • 722 days Forbes: Aramco Remains Largest Company In The Middle East
  • 724 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,124 days Could Crypto Overtake Traditional Investment?
  • 1,129 days Americans Still Quitting Jobs At Record Pace
  • 1,131 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,134 days Is The Dollar Too Strong?
  • 1,134 days Big Tech Disappoints Investors on Earnings Calls
  • 1,135 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,137 days China Is Quietly Trying To Distance Itself From Russia
  • 1,137 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,141 days Crypto Investors Won Big In 2021
  • 1,141 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,142 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,144 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,145 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,148 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,149 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,149 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,151 days Are NFTs About To Take Over Gaming?
  1. Home
  2. Markets
  3. Other

Following a 'Deflated' 2008 Redux in Commodities

While the respective moves are roughly half 2008's magnitude - led by a corresponding seasonal pivot in the US dollar and euro, commodities have loosely followed the glide path of the 2008 sector decline this year. Should the comparative prove prescient, a similar dynamic will continue to develop as precious metals have found a foothold - before the broader sector and currency markets turn.

USDX, Eurp, Gold, Oil, CRB, GDX and Xle Performance 2008 versus 2014

Oil 2008 versus 2014 Daily Chart
Larger Image

Gold 2008 versus 2014 Daily Chart
Larger Image

CRB Index 2008 versus 2014 Daily Chart
Larger Image

GDXl 2008 versus 2014 Daily Chart
Larger Image

XLY 2008 versus 2014 Daily Chart
Larger Image

Euro 2008 versus 2014 Daily Chart
Larger Image

US Dollar Index 2008 versus 2014 Daily Chart
Larger Image

 

Back to homepage

Leave a comment

Leave a comment