Commodity slide likely due to economic concerns

Seeking Alpha | May 10, 2011 | 10:03 pm Base Metals Energy Precious Metals Coal Copper Gold Iron Ore Potash Silver 

Commodity prices took a beating today. This Bloomberg headline sums it up well: Commodities Sink Most Since 2008 as Stocks Fall. But how can this be? We have been told repeatedly that the surging commodity prices are because of the Fed’s loose monetary policy. But U.S. monetary policy did not suddenly tighten. So what caused the drop in commodity prices?

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