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Tyler Laundon

Next Steps Following Last Week's Commodity Implosion

What a week it was. The first week in May brought a huge correction in commodities - most notably oil and silver. Trading volume of stocks that explore, pump and mine these commodities exploded, while share prices imploded.

Over the course of the week the price of oil fell by 15 percent. The price of silver fell by 27 percent. Bloomberg reported that the sell-off wiped out $99 billion in market value.

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