a few examples of this showing monthly charts. As I've been
saying, commodities could be starting early stages of a secular
bull. Important however is timing, short term they are all too
extended, all you have to do is look at daily charts. However these
are areas to monitor on pullbacks. Also one thought on inflation:
one reason so called inflation has been low is because commodities
have been depressed for so many years. Therefore if commodities
enter a long term up cycle that will likely bring about inflation
finally
matt, I know you already cover a lot of commodities, but
consider adding REMX. It's a way to get exposure to rare
earth materials, and a way to play electric vehicles. MP is
also a play (a miner that recently de-SPAC'd). Both have had
nice runs, but worth considering on a pullback.
Commodities many trying to emerge out of multi-year basing patterns
Posted by matt on 3rd of Jan 2021 at 12:23 pm
a few examples of this showing monthly charts. As I've been saying, commodities could be starting early stages of a secular bull. Important however is timing, short term they are all too extended, all you have to do is look at daily charts. However these are areas to monitor on pullbacks. Also one thought on inflation: one reason so called inflation has been low is because commodities have been depressed for so many years. Therefore if commodities enter a long term up cycle that will likely bring about inflation finally
URA - Chart Link-
CCJ - Chart Link-
UUUU - Chart Link-
$CORN - Chart Link-
DBA - Chart Link-
Update: Commodities many trying to emerge out of multi-year basing patterns
Posted by matt on 3rd of Jan 2021 at 02:04 pm
$PLAT - Chart Link- add Platinum to that list as well
matt, I know you already
Posted by ruscitti on 3rd of Jan 2021 at 03:48 pm
matt, I know you already cover a lot of commodities, but consider adding REMX. It's a way to get exposure to rare earth materials, and a way to play electric vehicles. MP is also a play (a miner that recently de-SPAC'd). Both have had nice runs, but worth considering on a pullback.
thanks I'll add it but
Posted by matt on 3rd of Jan 2021 at 03:49 pm
thanks I'll add it but not to the newsletter as I'm recording now