Commodities Surge To Start The New Year

01 Feb in Blog, commodities

Copper, aluminum and other industrial metals that can serve as manufacturing barometers shot up by double digits in percentage terms in January. Precious metals also have climbed sharply, with gold up 11% and silver 19% in 2012. And prices for vital crops are rising, with corn up 10% and wheat 15% since mid-December. I think these gains will continue with interest rates as low as they are means their are few places to put your money to work. Hard assets such as commodities and stocks look very favorable compared to putting your money in  bonds or in the bank. The dollar looks very weak as well which will send commodities even higher this year.

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