Mid-Year Price Changes of Major Commodities

Now that the year is halfway over, below we highlight the year to date percent change of ten major commodities.  As everyone knows, commodities have had quite a run so far in 2008.  While oil has been the major focus, natural gas and corn have risen more than crude.  Natural gas is up 78.8% so far this year, while corn is up nearly 60%.  Oil is up 46% after starting the year at $96/barrel.  Trailing oil is platinum, copper, silver, wheat, coffee and gold. 

Oranges are the only commodity of the ten listed that are down on the year (-17.58%).  If the US consumer is going to survive the second half of the year, these commodities are going to have to stop going up... and fast.

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Comments

[blink0404]

Silver is outpacing gold-- interesting stuff. I assume that the gold boom will be over when silver peaks. until then keep buying and holding gold.

Here's an article i found that backs up this idea- www.greenfaucet.com/ha...