Commodity Investing Contrarian Indicator: California Teachers Fund “Goes Long”

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Contrarian indicators don’t get much better than this. Our good friend here in town, fellow Austrian economist fanatic Jonathan Lederer sent along word today that the California State Teachers’ Retirement System (CalSTRS), has approved a plan to begin investing in commodities “as a hedge against inflation and to buffer losses in equities” (Seriously, I’m not making this […]

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Soon after stocks bottomed on March 6, 2009, we noticed that commodity prices – most notably agriculture prices – were starting to rally.  In early May, we wrote about the rally in soft commodities, and what it implied for the inflation/deflation outlook: A few weeks ago (April ’09), we noticed that not only had commodities appeared […]

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