September 27, 2010

The CRB Spot Commodities Index Reaches A New All Time High

"The CRB Spot Commodities Index today reached a new all-time high (485), eclipsing the previous high (481) set in July 2008. This can be interpreted in many ways, of course, but let me state the obvious: this is not a symptom of deflation, and this is not a precursor of a double-dip recession. This is unambiguously symptomatic of growth and accommodative monetary policy."

in Calafia Beach Pundit

Related ETFs: PowerShares DB Agriculture Fund (NYSE:DBA) , Powershares DB Base Metals Fund (ETF) (NYSE:DBB), iShares Silver Trust (ETF) (NYSE:SLV), SPDR Gold Trust (ETF) (NYSE:GLD), United States Oil Fund LP (ETF) (NYSE:USO), United States Natural Gas Fund, LP (NYSE:UNG)

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