People didn't believe in 07/08 that much of the price movement was due to the devaluation of the dollar. Perhaps the real bump in prices is due to the devaluation and perceived future devaluation of developed economy currencies. QE/helicoptering money/printing money to stave off deflation ain't free.
A lot of the speculation on comm is because monied people believe that US monetary policy will end with uncontrolled inflation rather than the soft landing the fed is hoping for. To my understanding this is a greater picture case of supply and demand. It's just that the product isn't crude it's insurance.
A lot of the speculation on comm is because monied people believe that US monetary policy will end with uncontrolled inflation rather than the soft landing the fed is hoping for. To my understanding this is a greater picture case of supply and demand. It's just that the product isn't crude it's insurance.