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Mar 9, 2023 | 15:22
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The CRB Index looks ready for a breakdown.
Likely accelerate deflation.
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Mar 9, 2023 | 15:28
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Will it be oil dragging it down. Don’t think Nat gas can go much lower.
I see the US is going after opec. They want to break up the cartel’s price fixing.
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Mar 9, 2023 | 15:34
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 Originally Posted by TASFarms
Will it be oil dragging it down. Don’t think Nat gas can go much lower.
I see the US is going after opec. They want to break up the cartel’s price fixing.
The CRB index comprises 19 commodities quoted on the NYMEX, CBOT, LME, CME and COMEX exchanges. These are sorted into four groups, each with different weightings. These groups are:
Petroleum-based products (based on their importance to global trade, always make up 33% of the weightings)
Liquid assets
Highly liquid assets
Diverse commodities.
The index comprises 19 commodities: aluminum, cocoa, coffee, copper, corn, cotton, crude oil, gold, heating oil, lean hogs, live cattle, natural gas, nickel, orange juice, silver, soybeans, sugar, unleaded gas and wheat.
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Mar 9, 2023 | 21:08
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Deflation now has a chokehold on commodities, banking crisis, next up.
LEHMAN BROS 2.0
Last edited by errolanderson; Mar 10, 2023 at 03:54.
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