I hope everyone had a great weekend!

My local beaches are open again, so I enjoyed time surfing and fishing.

There’s a lot going on in the world of oil right now.

I’m sure you remember when oil futures went negative.

Well, the oil funds have done something out of the ordinary: They’re buying options into August.

That means that the earliest they see good news for oil is at least three months away.

The market is killing oil funds — and options-based funds, for example, the United States Oil Fund (NYSE: USO), are a disaster right now.

I can’t advise you strongly enough to stay away from them.

We’re going to see a wave of bankruptcies coming out of this.

I’m seeing companies doing what many companies did before they went bankrupt in 2014.

Shifting to base metals … I’m bullish on battery metals, including nickel, copper and cobalt. I’m looking for opportunities to get into these miners cheaply right now — especially the ones that are cash flow positive, with low debt and great leadership.

If you’re wondering about platinum, there’s a problem: The price is down due to lower demand for catalytic converters in automobiles.

Platinum isn’t a good alternative play for gold right now.

I advise waiting at least a couple of months.

For the full story, click the image below to check out my eight-minute video now.

I’ll reach back out tomorrow with your weekly podcast.

If you have any questions for the mailbag, email my team and me at frontline@banyanhill.com.

We’ve got this,

Matt Badiali, Editor
Front Line Profits