For most of the 20th century commodity prices fell in real terms. Prices of metals, energy and food became so low that they were almost irrelevant to developed
How does a commodity market adjust to a temporary scarcity shock which causes a shift in the slope of the futures price curve? We find long-run relationships be
Commodities have become an important component of many investors' portfolios and the focus of much political controversy over the past decade. This book utilize