![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhxL9Cvya5w8vOOzbLeSdnQaXp4fg-ddAMaXpRHGzLfZNkxQb7cLbaxMCa97ojMzWeD3cq5BTkEtloKX3CzJCR5ebhiRYQV-Fg_1mOYlO2oVKIoHAtUi2bjOqOQIGwODLYIr-o9/s400/GSCI101709.gif)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjstaV90L8_WD43Y2TIveWBt4crLz9hgnclhC2PHvWHgLleBrPYHalRX7jlZOgyDaiwojwztwNUp8MhAOxfKZDNxR-HlO-mYJDNa1WpCWRe17R_RU3rbqRBrAMUdE2A3p9U09pJ/s400/GSCI101709a.gif)
Barchart.com is one of my favorite sites for reviewing futures markets. Above (top chart) we can see that commodities (S&P GSCI Commodity Index, cash) have broken out to multimonth highs on the strength of gold and oil. A weekly chart (bottom) places the move into context; we remain well below the late 2007/early 2008 peak. Nonetheless, the moves to new 2009 highs have raised fresh concerns about the future inflationary impact of monetary ease in the U.S. and the U.K.
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