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January 3, 2012

Good Start

The New Year commenced with a surge in commodity prices in a display which I believe will characterize the year. The CRB surged 2.6% and precious metals, as well as oil, strongly outperformed. When commodities came out of their previous 2.5-year cycle low, a 33% rally ensued over the first 4 months. I would not be surprised at all to see the CRB do at least ...

 

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