The economy has been tanked for some time, but these prices just keep going up. If JPMorgan Chase is doubling its commodities trading, it's a good guess that the other big banks are doing the same thing. According to this CNBC article, JP Morgan gobbled up 10 billion dollars in commodities in the first quarter—that's a lot of contracts! I'm sure they are not alone as all these big banks mirror each others' trades. This chart sure does look frothy and speculative-bubble like. When the Chinese bubble finally deflates and all the big banks dump their speculative positions this whole chart will deflate wildly into the abyss! And then we'll re-regulate, but the modern day robber barons will have moved onto their next game.