[realtraders] Oil vs Copper, Lumber and Cotton {02}

[Proffittak@xxxxxxx]

In a message dated 11/19/99 12:16:17 PM Eastern Standard Time, 
eadamy@xxxxxxxxxx writes:

<< Given the apparent strength of the economy, I have been wondering for some
 time now why copper, lumber and cotton have been so weak relative to oil
 which has continued to boom to life of contract highs. I am beginning to
 wonder if oil might be giving false signals of commodity inflation due to
 Y2K issues (there is considerable evidence of stockpiling driven energy
 demand on the part of both consumers and commercial users). It should be
 worth while to keep an eye on these other commodities as we cross into 2000.
 This is in no way a prediction, however if these other commodities continue
 to show weakness, we could see commodity inflation worries suddenly
 evaporate if there is no major dislocation in energy supplies evident after
 the first week of January.
 
 Earl
  >>
hi
this divergence  is puzzelling me too
but the rate of change  when combinning all   commodity  indexes is still in 
an upturn
see    barrons  stats on page   58  (11/15/99 issue)
and bottom left page  mw75
regards
Ben