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 with the weekly podcast on Thursday.
If you have any questions for the mailbag, email my team and me at realwealth@banyanhill.com.
We’ve got this,
Matt Badiali
Editor, Real Wealth Strategist