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Commodities: onward and upward

Copper is making a new all-time high today, and it looks like the rest of the commodity complex continues to move higher. I note that gold and the dollar haven't been going anywhere over the past 3 months, so that would lead me to believe that the rise in commodity prices is due to either a) a strengthening global economy and/or b) a lagged response to the monetary stimulus that has been applied in the form of QE2. In either event, this rules out deflation as a concern, and it stokes the fires of recovery, and that ends up being bullish for risky assets in general.

Blogging will be light this week since I am skiing with friends at Keystone, Colorado.

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