Our November 23 2011 headline was "Phase Shift" - JP Morgan Downgrades All Commodities To "Sell.
Here are the charts of the four commodity indices Bloomberg features on their commodity page:
UBS Bloomberg CMCI
Early by three months, which explains my comment in the above link:
Now the question is: Are they buying or selling?
[you are so suspicious -ed]
But absolutely correct, especially in the case of the energy-complex weighted S&P-Goldman Sachs Commodity Index.