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Gold at Record Highs

Commodities are at all-time highs as gold closes in on $1,000 per ounce and oil surges toward $104 per barrel.
The Reuters-Jeffries CRB index has hit record highs for the 12th straight day driven by new historic highs for commodities.


-The RJ CRB tracks prices of 19 commodity futures, including oil, gas, natural gas, heating oil, gold, aluminum, nickel, silver, copper, wheat, cotton, soybeans, sugar, frozen orange juice, cocoa, corn, coffee, live cattle and lean hogs.

Gold has hit a record intraday high of $991 per ounce , and traders and analysts believe it might hit $1,000 per ounce this week.

Commodities are at all-time highs as gold closes in on $1,000 per ounce and oil surges toward $104 per barrel.
The Reuters-Jeffries CRB index has hit record highs for the 12th straight day driven by new historic highs for commodities.


Are there potential buying opportunities? Some ETFs that track precious metals such as the iShares COMEX Gold Trust (IAU), StreetTRACKS Gold (GLD) and the SPDR S&P Metals & Mining (XME), are all up strongly today and over the last year.
*The S&P Metals & Mining (XME) ETF is more diversified than some of the gold-based ETFs, with top holdings of Freeport-McMoran (FCX), Alcoa (AA), Newmont Mining (NEM), Nucor (NUE), Peabody Energy (BTU), Consol Energy (CNX) which cover everything from aluminum to gold to coal.

Commodities are at all-time highs as gold closes in on $1,000 per ounce and oil surges toward $104 per barrel.
The Reuters-Jeffries CRB index has hit record highs for the 12th straight day driven by new historic highs for commodities.


-Freeport-McMoran Copper & Gold (FCX) up almost 19% in the last 6 months is less than half the gain for gold futures (44%) over the same time frame.

Commodities are at all-time highs as gold closes in on $1,000 per ounce and oil surges toward $104 per barrel.
The Reuters-Jeffries CRB index has hit record highs for the 12th straight day driven by new historic highs for commodities.


-Newmont Mining (NEM) up about 24% over the last 6 months, again roughly half the gain in gold futures over the same time frame.

Commodities are at all-time highs as gold closes in on $1,000 per ounce and oil surges toward $104 per barrel.
The Reuters-Jeffries CRB index has hit record highs for the 12th straight day driven by new historic highs for commodities.