It is clear that most commodities are in uptrends, with some of them reaching new ATH’s. We have seen comparisons to the stagflation days of the Seventies.

Even if this run doesn’t rise to those heights in terms of magnitude and duration, a look at the 2008-2011 period provides hope to the gold and silver community.

Looking at the chart of the DBA ETF,(agricultural, so industrial commodities not included)we see it topped out in early 2008. It took three years for gold and silver to reach their peaks, which despite a 2008 correction, ended up massively higher.

It may not play out exactly the same as then, but with commodities likely still not near their peaks and even allowing for a future steep correction along the way, the ultimate top for gold and silver, should be months, if not years away and with prices, significantly higher, than from current levels.