As others have pointed out, money being made in other “basic stuff”, too.

THE LATEST FROM THIS CLASSIC ‘BOOM AND BUST’ SECTOR

Gold and silver aren’t the only commodities soaring right now… Today’s chart tells us the trend in steel is up (for now).

As longtime readers know, the steelmaking industry is one of the market’s biggest “boom and bust” sectors. Get into the booms early, avoid the busts, and you can make good money trading steel.

We last checked in on the sector in mid-September. At the time, steel was stuck in a big downtrend… But today, the trend clearly has reversed. To see this, we turn to one of the country’s leading steel producers: U.S. Steel (X).

As you can see from the following chart, U.S. Steel is up more than 60% to start 2016. This volatile sector could easily switch directions and fall again, but for now, investors are enjoying the recent uptrend…

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