The year just past was th
e perhaps the biggest for commodity investors in decades. Indexes comprising energy, metals and agricultural commodities ended the year up almost 30 percent on average, an embarassment of riches compared to the paltry rewards in the global stock and bond markets.
Will the commodities craze continue in 2008? Gold, silver, crude, heating oil, copper, wheat, soybeans, orange juice and cocoa prices are soaring on the first trading day of the year, so the signs are auspicious.
Commodity indexes 2007
S&P GSCI +32.6%
DJAIG +16.1%
RJ-CRB +22.8%
RICI +31.0%
DBLCITR +41.1%
Average: +28.72%
Other indexes
S&P 500 Index + 4.24%
Lehman Aggregate US bond index + 6.63%
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