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Commodities Redux: Loosely Following 2008's Sector Decline

Published 12/10/2014, 12:43 AM
Updated 07/09/2023, 06:31 AM

While the respective moves are roughly half of 2008's magnitude - led by a corresponding seasonal pivot in the US Dollar and euro, commodities (such Gold, Oil, the CRB index as well as representative commodity ETFs Market Vectors Gold Miners (ARCA:GDX) and the SPDR Energy Select Sector Fund (ARCA:XLE) have loosely followed the glide path of the 2008 sector decline this year.

Should the comparative prove prescient, a similar dynamic will continue to develop as precious metals have found a foothold - before the broader sector and currency markets turn.

Major FX and Commodity Fundamentals Oil Daily: 2008 vs 2014 Gold Daily: 2008 vs 2014 CRB Daily: 2008 vs 2014 GDX Daily: 2008 vs 2014 XLE Daily: 2008 vs 2014 Euro Daily: 2008 vs 2014 USDX Daily: 2008 vs 2014

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