Tuesday, May 21, 2013

Gold relative to other key commodities

Gold has been holding it's ground compared to other key commodities.

Click on the image for larger picture. Source: Commodity Research Bureau / Commodity Systems, Inc. (CSI).

The chart above shows the price action of key commodities since 2007 plotted on the back of the Reuters’ Continuous Commodity Index (CCI). In the chart, the four commodities and the commodity index are equalized to 100 on April 2011, the time when the commodity index peaked.

Geir Solem

Elliott Wave Technician
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