Commodities: CRB Index vs. Its 12-year Average
From
Bespoke Investment Group:
Talk to anyone out there regarding the US Dollar and they will tell
you that the Federal Reserve's actions over the last few years have
steadily eroded the purchasing power of the US dollar. The reality is
that commodity prices are currently right inline with their average
prices going back to 2000. The chart below shows the CRB Commodity
Index going back to 2000. At a current level of 268.20, the index is
currently trading exactly at its average closing price since the start
of 2000.
