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Ahaa
We took our eye off this Ball
Commodities were eviscerated in the last 10 years or so
And as measured against Gold they were also destroyed
So this is what is happening now.
Reversion to the Mean !
The place to be this past year was Commodities..and it still is IMO
Base Metals , battery metals ,Agricultural , Lumber , Steel , Concrete
Real stuff !
Very correct, Sir Fully!
The one I really missed out was FCX. Heck, I could have even bought it on Jan 27, when it was in a mild correction (from 32.xx to 24.xx) … missed that too.
Commodities: also may I add primed for a correction
https://victoradair.ca/a-new-commodity-bull-market-began-april-2020/
Fully agree, Sir Plunger.
E.g. the correction in FCX could have vaguely signaled a short term top in commodities, and we may now be watching a somewhat blow-off top in FCX.
Any other non-PM tickers that you can recommend to watch as bellwethers for entering the commodities arena?
Thanks in advance.
GL
Oh dear I’ve got a bunch, but I really do think we are topping here. I hate to recommend anything
Understood, Sir Plunger.
Was just asking for tickers, that I could watch for the corrections, not recommendations to buy 🙂
Any exciting silver juniors? I have a bunch, but I’m not looking for reaffirmations of my portfolio. Rather, what names come to your mind, to ride the next up-leg in silver?
Many thanks in advance!
GL
I am very happy that I have a less than 10% exposure to gold miners over the last few months in my stock account. About 80% has been in silver miners. I also have about 10% of my portfolio in CAT and ADM, which have also done well. My only losers are gold miners that is added in august or September, KGC being the biggest loser. The silver miners like AG and EXK are merely in the process of catching up to the gold miners and are really just now matching their 2016 highs. Other silver miners like AXU are already above their 2016 highs but have remained relatively stable compared to gold miners.
GCC (unweighted commodity index etf) is still down vs tech and merely flat vs the Dow since April 2020. So hardly a bull market yet, at least relative to stocks.