Loading ...Basic Materials Breakout !
Huh ?
WTF are Basic Materials and How can they be breaking out if Gold is sucking wind ?
Here are the Components of the XLB ( Basic Materials )…much more than just mining companies and commodities but they are there as well
http://www.etfinvestmentoutlook.com/etf_holdings.php?s=XLB
Ha !
I like # 14….He’s everywhere !!
Seriously Folks …we are looking at Prosperity as far as the eye can see ! Embrace it or Short it…good luck
Look at those companies again..NICE diversification no ?
Of course if you don’t like free analysis that may make you want to join the Cult (er website) just skip this link.
If you want a mind opening experience
click
https://rambus1.com/2017/07/15/late-friday-night-charts-emerging-markets-basic-materials/
All comments welcomed…even negative
🙂
Thanks FGC. I am in two minds and as you know and I invested in Cliffs Natural Resources and posted last week about the potential I can see if Trump goes for broke and starts building. My only concern is that we may hit a problem first, with a fall in the SM to which the reaction will be lets build etc etc, and then we see these shares soar, but from a lower base.
We are getting close to a decision point, but I guess it could be this summer, this Autumn or even early 2018. In the meantime, there is a good chance we will get a rally in the miners this summer 🙂