Look back on the Commodities

Another good reason why you want to keep a trading blog like this is so that you can look back.  So I looked back and found an entry titled “The Commodities Are Hot Hot Hot!!” and I published it on 9/13/2007.  Back then when I wrote the post, the crude was only at 80 dollars per barrel and look what we have today, $142 per barrel!

I have started wondering when would the oil bubble burst ever since it hit $120 per barrel and so far there is no sign of that happening.  I now begin to wonder would the bubble ever burst and what’s next?  Is the crude raising because of speculation or it is just fundamental?