Commodites Continue to Surge: Powershares DB Fund Hits New High

Several weeks back we highlighted commodity stocks as showing strong technical strength within the context of an otherwise weak tape.  As seen in the chart below of the Powershares DB Silver Fund, scored new highs yesterday.  This is just one of many commodity based ETF’s scoring new highs.  This broad based participation shows good breadth and suggests the commodity advance can continue even if there are pullbacks along the way.


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