"Sorry, this is going to be on the longish side. Consider the following one-year price fluctuations:
On June 27, 2012 the price for:
Gold - $1561.80/oz one year later $ 1235.50 oz.
Silver- $ 26.48/oz one year later $ 18.84 oz
Copper-$ 3.32/lb one year later $ 3.05 lb.
Wheat $ 7.32/bu one year later $ 6.72 bu.
Iron ore $ 143.9/tn one year later $ 115.30 tn
The erosion in commodity prices has been significant during the course of the past 12 months, with very few exceptions, but one stands out dramatically:
On June 27, 2012, the price for:
West Texas Intermediate (WTI) crude oil as traded pn the CME (Chicago Mercantile Exchange) Group's owned New York Mercantile Exchange was-
$ 77.69/barrel
and one year later-
$ 97.05/barrel
an increase of near $20/barrel or 25 percent, having a direct bearing on the price of gasoline throughout the land."
'via Blog this'
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