Right on the money, Jeff *rimshot*
And what happens when the economy goes into a deflationary state? It typically makes commodities that much less compelling.
And yet, commodities have been going up, to a record high in some cases.
The combination makes commodities in general a rather dangerous play.
On the other hand, perhaps the credit freeze is finally thawing?
Take a look at the latest update on the rate of inflation. Looks we bottomed in July 2009 and as of November, we've swung back into inflation territory.