Commodities Like a Balloon After a Pin is Stuck in It

Balloon Pop with a Pin

Confidence is at rock bottom. No one wants to be long any commodity. - Jamie Craggy (source Bloomberg)

It appears that New Deal Democrat maybe right on possible deflationary recession.

Oil, Copper, Commodities in Freefall as Economic Woes Deepen:

Crude oil and copper led a drop in commodities, extending a record quarterly decline, on expectations an economic slump will sap demand for raw materials.