Commodities Rise in May

Commodities continued rising in May with both major indexes up almost 3% for the month yet still below April's highs.

Year to date, the Bloomberg Commodity Index and the S&P Dow GSCI are up 17% and 23%, respectively. The gains were broad based. Click here to see detailed returns.

Fortunately the dismal outlook may have changed. Virus accelerated demand destruction, supply dislocations, price wars and geopolitics have given way to recovery, increased demand and supply scarcity-raising prices.

Disclaimer: Posts are for education only, may be subject to change without notice, and, while prepared with care, may be subject to omissions and errors. Note my excel data spreadsheets are available upon request. Send request to gdrahal@gmail.com to follow this blog and additional information.. 
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