Shouldnt all commodities follow oil down?

[fjlip]

Low oil prices are good for everyone but oil industry, just like low grain prices are good for all but farmers. Boo hoo, suffer for a while billionaires, hardly do they suffer, just reduce supply and up will come prices.

[errolanderson]

Mallee . . . yes, oil is the big kahuna, but some commodities have already deflated well ahead of the crude price set back of late.

Metals and grain are hardest hit. the cattle setback nears once US equities finally see a well deserved setback

Japan is essentially a financial bomb. China banking and mortgages are ripe for a meltdown. China is already in a recession as a drop in rates this week is a stark warning of severe financial problems ahead, yet equities rally on this?
Good grief . . . .

And it may take Europe a generation to rid itself of deflation. IMO, talk of the US Fed hiking rates in 2015 is highly unlikely. The U S cannot thump its chest for long in the current global market

Interest rate hike talk is a dead horse and oil prices are going to stay low and lower IMO for a very long time.

[cottonpicken]

OPEC is disiding whether or not to cut. They are not the same organization anymore very fragmentent. If they cant agree to cut production oil may really tank. Just have to watch if spills into ag