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Friday
Aug012008

Second Worst Month For Commodities Ever!

DateFriday, August 1, 2008 at 03:34AM

Commodity investors were probably just as happy to see July end as equity investors were to see the end of June.  During the month, the CRB Commodities Index recorded a decline of 10.0%, which is the worst monthly decline since March 1980 (10.5%) and the second worst decline ever!  Below we highlight a long term chart of the CRB commodity index since 1960, with each of the red dots indicating the only two monthly declines of 10% or more.

Crb_commodities_index

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