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Commodities Set For Next Leg Higher, Silver May Outperform
This week we'll look at a chart of the CRB Index, a broad proxy for the global commodities market that includes gold and silver, but also Corn, Live Cattle, Soybeans, Orange Juice and a host of other raw commodities. CRB is an excellent way to track overall inflation. The chart is fascinating: a decade-plus bullish falling wedge that gave us a false breakout during the 2020 Covid scare that reversed when policy-makers around the world gave us an inflationary impulse that caused this chart to breakout in 2021. Overall, we can see that the period that began with the Global Financial Crisis in 2008 and ended with Covid ... (full story)