ubbit. Im not bywarren but I do know a little about the commodity markets. Oil is down for the following reasons; (1) consumption is down (2) The Dollar is up against the Euro, Pound and Yen.
Gold and silver are down to a two month low, because the $ is up.
The question is, how far are the Central Banks going to go in manipulating the prices of commodities. Our Fed is just as involved as the other Central Banks.