The blowout in gold prices has received most of the attention of late. Gold futures for June delivery closed at $1,361 an ounce on the Comex in New York on April 15 and dropped by more than $200 in the two previous trading sessions. Gold’s fall of 13 percent since April 11 was the biggest two-session decline since 1980, according to Bloomberg Businessweek. Silver and copper prices are also tumbling. Both Goldman Sachs (GS) and Credit Suisse (CS) have issued reports recently calling for the end of gold’s 12-year bond market. Gold is losing its luster as a hedge against inflation. Why? There isn’t any significant inflation, according to the JP Morgan Global Consumer Price Index. Global inflation peaked at 4 percent in 2011 and has fallen steadily since. Global prices in February were up only about 2.5 percent from a year earlier, the bank’s index says. The commodity bust is also tied to worries about the global economic outlook. The International Monetary Fund’s (IMF’s) latest World Economic Outlook sees commodity prices declining this year and in 2014 as well.