Have resource stocks decoupled from commodities?

By Emerging Money>,

Shutterstock photo

Commodities prices on a headline basis do not look like they have come down much off their highs. If anything, they have surged onward, so why are the mining stocks suffering? Take a look at the CRB ( quote ) index, which tracks a broad commodity basket. Despite some grousing in the market press, there is not exactly a lot of carnage here, except in copper: But look at the producer equities, where there has been significant damage to a lot of the once high-flying bellwethers in the sector: FCX ( quote ), TCK ( quote ), X ( quote ), VALE ( quote ). Today's trade will not be easy either.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Stocks
Referenced Stocks: FCX , TCK , VALE , X

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