Sometimes I read some of the editorials over on Stockhouse, and today I was looking at Steven Saville. Past work of his has included excellent arguments that the rise of commodity prices, copper, nickel, zinc, lead, etc., is due to the dramatic increase in M2 and M3 money supply. In the past he has made a convincing argument that these commodities are simply priced to the money supply. He makes some good arguments why gold ought to be in an investment portfolio. For me, today's post was only so-so.
There was someone named Jay Matulich who gives his reasons for being mostly in cash and why he's avoiding commodities. I tend to think Saville makes a lot of sense as to why commodity prices went up so much, hence with credit contracting, that would be another reason so see them falling.
There was a third editoral and it was so not my kind of reading, I didn't post a link.