Economist Peter Schiff has made a bold prediction about the future of commodity prices, suggesting that a significant surge may be on the horizon.

What Happened: Schiff, in an X post on Tuesday, shared a chart of the Commodity Research Bureau Index (CRB), indicating that a new high could be imminent.

“Here is the chart of the CRB. Once the index takes out the 2022 high, it’s off to the races. The 2011 high is about 10% above the current price. But I doubt that high will provide much resistance. I think the CRB will soon reach the 2008 high, which is a 35% gain from here,” Schiff wrote.

Here is the chart of the CRB. Once the index takes out the 2022 high, it’s off to the races. The 2011 high is about 10% above the current price. But I doubt that high will provide much resistance. I think the CRB will soon reach the 2008 high, which is a 35% gain from here. …

Full story available on Benzinga.com

Economist Peter Schiff has made a bold prediction about the future of commodity prices, suggesting that a significant surge may be on the horizon.

What Happened: Schiff, in an X post on Tuesday, shared a chart of the Commodity Research Bureau Index (CRB), indicating that a new high could be imminent.

“Here is the chart of the CRB. Once the index takes out the 2022 high, it’s off to the races. The 2011 high is about 10% above the current price. But I doubt that high will provide much resistance. I think the CRB will soon reach the 2008 high, which is a 35% gain from here,” Schiff wrote.

Here is the chart of the CRB. Once the index takes out the 2022 high, it’s off to the races. The 2011 high is about 10% above the current price. But I doubt that high will provide much resistance. I think the CRB will soon reach the 2008 high, which is a 35% gain from here. …

Full story available on Benzinga.com

 Economist Peter Schiff has made a bold prediction about the future of commodity prices, suggesting that a significant surge may be on the horizon.
What Happened: Schiff, in an X post on Tuesday, shared a chart of the Commodity Research Bureau Index (CRB), indicating that a new high could be imminent.
“Here is the chart of the CRB. Once the index takes out the 2022 high, it’s off to the races. The 2011 high is about 10% above the current price. But I doubt that high will provide much resistance. I think the CRB will soon reach the 2008 high, which is a 35% gain from here,” Schiff wrote.

Here is the chart of the CRB. Once the index takes out the 2022 high, it’s off to the races. The 2011 high is about 10% above the current price. But I doubt that high will provide much resistance. I think the CRB will soon reach the 2008 high, which is a 35% gain from here. …Full story available on Benzinga.com   Read MoreCommodity Research Bureau Index, Kaustubh Bagalkote, News, Peter Schiff, Commodities, Global, Markets, News, Commodities, Global, Markets, Benzinga Markets