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What happens to essential commodities as economic depression worsens into a catastrophe?
Sam Adelton
Nov. 8, 2008
The essential commodities have seen their sharpest fall in the last 400 years. Oil for example lost more than 70% in the last four months. The cotton lost 60% in the same period. Every commodity has tanked miserably as US Dollar has seen some sharp rise.
Unlike gold, commodities are actually in a bull market. At the time of depression, people focus on essentials and throw the unessential out. The number of people needing food and other commodities has not shrunk. The bubble created by hedge funds and private equity funds are gone. A clear confirmation of a long-term bull market is sharp corrections. That is exactly what happened to the commodities.
The commodity prices are ready to go through the roof again far surpassing the previous records because of possible hoarding all over the world.
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