Champ2003 I agree that the chart can only be used as a refrence for short term moves due to the fact that it is no refrence to inflation.If you look at the two charts posted below keeping intrest rates low will push comodities higher due to the fact real intrest rates are below the real infation rate.Also a key note is that the FED has removed all comodities from their CPI figures. Until the fed moves intrest rates above the true inflation rate all hard assests will go up.
This top chart is the CRB commodity index we seem to be back to the top again.(PM make up 17% of this index)
