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Inflation watch: Copper and crude oil reach 4-month highs
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Monday, March 23, 2009
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After getting clobbered in 2008, copper and crude oil - two of the world's most important commodities - have broken out to 4-month highs.

Crude oil for May delivery climbed above $52 per barrel last week. Copper just cleared an important chart level of $1.60 per pound.

Commodities like crude and copper tend to rally when the dollar is weak and investors become worried about inflation. With the Fed's unprecedented funny money injections, expect the gains here to continue...

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Crux note: Freeport McMoRan (FCX) is the world's biggest publicly traded copper producer... the PowerShares Crude Oil Double Long (DXO) is a fund that returns double the gains in crude oil.

Dennis Gartman is getting bullish on this commodity

Warren Buffett and Jim Rogers: Get ready for inflation

Topics: Energy | Commodities
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