As inflation spiked over the past year, commodity prices started rising dramatically from their multi-year lows.
But following the outbreak of war in Ukraine, the prices of all major commodities — from oil to gas to gold to nickel to wheat — have positively gone berserk.
Many of them are up 20-40% (and some a lot higher) in just the past two weeks.
In trying to understand where things are headed, we consult Jim Rogers, legendary international investor, financial commentator and author of several books including the best-seller “Hot Commodities”.
Well, commodities are so hot right now they’re nearly thermonuclear.
Jim, who’s approaching 80, has seen a lot of market cycles.
Given what he sees now, he’s predicting we’ll soon experience both the worst bear market AND worst recession of his lifetime.