Crude oil and metal prices are in the doldrums as the likelihood of a US recession grows. Mayer’s Special Situations editor Chris Mayer says this has commodities stocks at better values than they have been for years.

Eric Roseman in The Sovereign Society says, “until the deflation […] ceases, commodities will remain vulnerable. Never in the history of capitalism have commodity prices rallied during a severe contraction in bank credit.”

As the big dominos of $125 oil, $4 copper, $6 corn, and $1,000 gold fall onto the market, raw-material producers enjoy record cash flows. The next domino is all the cash finding its way to companies that supply equipment, services, and infrastructure to those producers.