12 Key Charts That Show The Savage Beating In The Commodities World


Photo: Stockcharts.com

One of the major themes we’ve witnessed in the recent selloff is the big attitude change towards commodities.Basically, they’ve been hammered for a few reasons:

  • “risk aversion”
  • Actual possible slowing of Chinese demand.
  • The mining supertax. Australia has announced a big tax, and there’s talk that other countries will follow. This Sydney Morning Herald article talks about mining supertax contagion. Peru and Chile may be the next to tax miners big.

So, we’ve rounded up a quick look at some charts that tell the story.

BHP Billiton, the biggest miner in the world, falling like a knife.

Potash, a major player in fertiliser

The Canadian dollar falling below parity again.

But the Japanese yen, the opposite of a commodity currency, starting to break out.

Oil giant exxon looking sick.

The Brazilian stock exchange is in a deep bear market.

Suddenly gold isn't looking so hot. At least not miner Barrick Gold.

The Australian dollar. The worst currency for the month of may.

Vale, a big copper player, getting crushed.

Finally Rio Tinto, another huge miner.

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