The Bloomberg Commodities Index (BCOM) is down about 50% over the last 5 years.
I work in the recycling industry and the metals we deal with are all down that much or more over the same time frame. Although there have been ups and downs, the trend has been overall strongly down, with one of the worst being Nickel, which is down over 60%.
Given all of the manipulations in various capital markets, it is not clear to me that these prices are falling because of free market increases in efficiency and it seems more likely due to something else. If someone can point me to a good explanation of why commodities have fallen so much, even if it is a reference material explaining the impact of Fed money creation on capital markets, that would be great.
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