Do you guys think the price of commodities will go down if the price of oil goes down.?

OK, there are probably two issues pushing both sets of prices. First, they move in relation to inflation: as the purchasing power of your money deteriorates, all commodities including oil will rise in price. Secondly, there is the normal supply and demand issue. Demand for different materials will rise or fall based upon different factors. Today, I suspect oil and some of the industrial metals are both rising as both China and India increase their industrialization, and therefore their use of these commodities. But, in these cases, there's no reason to expect that they will continue to move in tandem. They move separately as demand for each commodity is largely unrelated. Also, as someone else mentioned, high oil prices make everything more expensive due to transportation costs, so this will have some small effect too. Actually, though, a lower transportation cost may cause the commodity price to the seller to rise, depending on other market conditions, so don't assume too much here.





In the end, we really can't know for sure if they will always move up or down together, but it seems likely in some cases. I think this is more true of industrial metals, though, rather than things like gold, or orange juice.Do you guys think the price of commodities will go down if the price of oil goes down.?
sure...commodities have to be transported...truck drivers airlines etc..charge more for the transporting of the goods because of the extra cost they have to pay at the pump in order for it to get there...the supplier has to raise the prices of their goods to supplement for the extra cost that they had for shipping...then we buy...therefore as you see the extra cost all ends up for the consumer to pay...when the cost of oil goes down... then maybe we'll see a reverse affectDo you guys think the price of commodities will go down if the price of oil goes down.?
no, look at gold and base metals.
Yes, a lot of the price in metals is being floated by speculation oil prices will go higher and maintain these levels. If they don't there will be downward pressure on the whole commodity market and supply and demand will take back control from the speculators and profiteers.
yup. there'll be cheaper fares and transport fees.
The price of different commodities are not directly related to the price of oil. For example there is a drought in the wheat belt so wheat prices are going up. Also China and India are building like crazy so steel and concrete prices are likely to keep rising. Each commodity has it's own reason for going up or down.