Commodities are Getting Ready to POP!!
Updated
Gold typically leads commodities by a few months and so given the surges and breakouts in gold, silver, and platinum, I think the CRB index is next.
Looking at the chart, its clear this is a chart that has been gradually shifting in trends. In my opinion, most of the heavy selling is over. CRB index has been forming a sexy looking base and looks like it could begin surging. Timing wise, this coincides perfectly with the Fed & central banks globally beginning new easing cycles. Its still early, as the breakout has not started, but its looking ready to get its first real pop sooner rather than later. In my view the CRB index presents tremendous value over the next several years, especially now at these ridiculously suppressed prices.
Looking at the chart, its clear this is a chart that has been gradually shifting in trends. In my opinion, most of the heavy selling is over. CRB index has been forming a sexy looking base and looks like it could begin surging. Timing wise, this coincides perfectly with the Fed & central banks globally beginning new easing cycles. Its still early, as the breakout has not started, but its looking ready to get its first real pop sooner rather than later. In my view the CRB index presents tremendous value over the next several years, especially now at these ridiculously suppressed prices.
Note
To put it in further context, thIs is only 12% off of its low in 2016Trade active
This is a long-term investment strategy driven in large part by a fundamental view of the world. I've also done the technical due diligence. Investments in the commodities sector are things that I will be holding for years. I have a certain risk and downside I'm willing to tolerate and hold through. You should know what that is for yourself.
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