Loading ...CRB (Commodity) Charts
On what Planet are these Bullish ?
If you are a trader do you just ignore these and hold commodity related positions ?
This is an individual thing.
My sense is most here do not like to hold and see their hard earned gains disappear in favour of a long term potential .
To each his own…but I see no confirmed bottom yet
CRB Daily…. is this not a concern for short term traders ?
CRB Weekly
….Cripes it is still BELOW the 2008 Crash Low and still in a Bear Flag….It needs to break 195 and then 200….then its a bull
…Calling this a bull is premature IMO…I will be the first to go nuckin futz when the CRB breaks 200….still a very very low level historically…and plenty of time to go all in.
CRB Monthly
Cycles ?
This is a pretty Sickly Baby Bull compared to the last 2 Cycle bottoms…More like stillborn
I would love to be buying commodity related stocks and holding for 10 years…show me a 200 CRB and I’m all in
OK maybe the RJI ( balanced commodity index is looking better )
https://stockcharts.com/h-sc/ui?s=RJI&p=W&yr=10&mn=0&dy=0&id=p97028520520
I see Chaos everywhere I look. Bubbles Euphoria Pessimism Denial Panic. Crazies dusting off Warheads. Imaginary Money. Free Yen & Euro’s, rising rates elsewhere. CB’s buying stocks. Oil being written off for dead for batteries. Gold rush and crash in the space of 3 months. Bull and Bears of a SM that has gone on so long it may just skip a cycle. Absolute chaos! Wondering when the pension funds start getting an itchy finger. Sometimes it comes down to just trying to preserve your wealth.
Who knows anymore?
And preserving one’s hide–“bullets, beans, and band aids” might end up soon being the smartest investment…