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Commodity Collapse

by: Bespoke Investment Group October 10, 2008 | about stocks: DBC / DJP / GCC / GSG

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While it was only this Summer that commodities were closing at 52-week highs nearly every day, this week the CRB commodity index closed at a 52-week low only 96 calendar days after closing at its last 52-week high! This is the second shortest time span between a close at a 52-week high and a close at a 52-week low that the index has had (since 1956). In addition, the current collapse in prices is the only time the index has declined by more than 30% over a 100 calendar day period.

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This article has 2 comments:

Oct 10 06:21 AM
Deflation?
Reply
Oct 10 09:17 AM
why does the article reference 1956 but the table shows the shorter decline taking place in 1984?
Reply

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