The Commodity Bull Market Just Entered a Dangerous New Phase
Readers are familiar by now with the broad-based commodity rally, with energy, agricultural products and metals moving sharply higher as former Goldman Sachs commodities head Jeff Currie warned this summer of growing scarcity in the physical economy. The Bloomberg Commodity Index has climbed to leve
Source: OilPrice.com
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DW NOTE
The Strait of Hormuz has been effectively closed since February 28 — a June ceasefire briefly reopened it, then collapsed. WTI is at $95.70, up 16.52% this month. The "dangerous new phase" is eight months old.