It basically seems to indicate a diversion in world trading between commodities and shares. The question posed is what does this mean? The Telegraph seems to think it means that shares are overpriced, caused by central bank profligacy. As a small trader it appears to me that commodities are a bargain. The article in the Telegraph is a doom and gloom scenario, but it ignores the fact that US companies and the Far East are doing well and that is shown in earnings. At one point I was lured into commodities by articles in the financial press saying they were a hedge against shares, but that idea proved to be totally inaccurate As shares fell the idea of recession grew and therefore no one buying or using commodities and in fact they fell more than shares. One of the best ways to invest in commodities is to buy Canadian energy etf's or mutual funds but my experience again has been no growth. Tricky.
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